You are on page 1of 96

%)*3-6.

65;-5;:


5;-95);165)365.-9-5+-65644<51+);165:

 $
,06+)5,$-5:69-;>69215/$@476:1<4

5-9/@..1+1-5;-;>692:

B+8AF8!AG8E98E8A68*8F<?<8AG2<:888G86G<BA<A 8G8EB:8A8BHF/<E8?8FF&8GJBE>
(1>7C??>!9=(?6DG1B5'5>D5B(1=CE>7<53DB?>93C ?B51158IE>1>(D1>6?B4
*>9F5BC9DI*(,??:9>%1B;(?6DG1B5'5>D5B(1=CE>7<53DB?>93C ?B518?>7
;G?> 9=(5?E<#1D9?>1<*>9F5BC9DI ?B51
 44<?HE88G86GBE9BE6?HFG8E87/+&
1B?E>5>;1?E81!(!12?B1D?BI*()*>9F5BC9DI<75B91245<;B9=245<<9*()
*>9F5BC9DI<795BC<75B91E5BB?E=9"?81=54*>9F5BC9DI?6*()<75B911<5<5>
$D8=1>*>9F5BC9DI?6%1B9C B1>35!I>41"?;414*>9F5BC9DS45%1B9C !12?B1D?9B5
!!B1>35 
'CG<@4?846BA+6;87H?<A:9BE$BJ
7HGL
6L6?8+8AFBE&8GJBE>F
.?>7BE985>*>9F5BC9DI?689>5C53145=I?6(395>35C% ' 89>1.E<?>7-9>7
*>9F5BC9DI?689>5C53145=I?6(395>35C% ' 89>1,594?>7.9*>9F5BC9DI?689>5C5
38545=I(395>35C% ' 89>1 
$<98G<@8%4K<@<M4G<BA9BE+8AFBE&8GJBE>FJ<G;/<E8?8FFA8E:L,E4AF98E
'?>7E )'?I1<>CD9DED5?6)538>?<?7I(G545>1B<?9C389?>5 )(G545>"9>7
-91?'?I1<>CD9DED5?6)538>?<?7I(G545>
(46>8G+<M8'CG<@<M4G<BA9BE/<E8?8FF&4ABF8AFBE&8GJBE>F<AG;8,8E4;8EGM4A7
%54B1=?81B9*>9F5BC9DI1DE661<?(*#.*(?C5@"?B>5D*>9F5BC9DI1DE661<?
*( 

1:;91*<;-,3/691;04:

**8??H?4EHGB@4GBA54F87*87HA74AG*8478EF?<@<A4G<BA<A*!&8GJBE>F
#169E<'1C894C<1=93*>9F5BC9DI?6)538>?<?7I1>7<145C8(1<9=EB8?E48EBI<7?=1
*>9F5BC9DI1>141 19(1<?=11(38??<?6?=@ED9>7&E55>C*>9F5BC9DI1>1411>141 
A!G8E4G<I8%8G;B79BE+GEBA:4EE<8EBI8E4:8HA78E(E46G<64?BAFGE4<AGF
-91?IE>/81>7?G1(D1D5*>9F5BC9DI*("1D85G! ,I=?B5?G1(D1D5*>9F5BC9DI
*(1:9&91??G1(D1D5*>9F5BC9DI*( 
LC8E:E4C;4F87*8FBHE68??B64G<BA9BEEBFF
68??8I<68
GB
8I<68B@@HA<64G<BAF
?>7<91>7/81>7%5;9>7*>9F5BC9DI% ' 89>1.EC85>79#1D9?>1<>CD9DED5?6
>6?B=1D93C1@1>!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1/8E1>*>9F5BC9DI?6
?ECD?>*( 
E4C;B?BHE<A:,86;A<DH89BE99<6<8AG;4AA8???B64G<BA<AB:A<G<I8*47<B&8GJBE>F
817I1C8B9)EC89B#()*>9F5BC9DI?65<89>491(1>:1I8EB1>485B#()*>9F5BC9DI?6
5<89>491C113,?E>71>7'I5BC?>*>9F5BC9DI1>141"?81==14( $21941D
?B481=*>9F5BC9DI*(+9>5C8)5?D911G181B!1<#58BE*>9F5BC9DI#5G5<89>491 
%B5<?<GL
4F87%B78+8?86G<BA,86;A<DH89BE4<E+C4G<4?<FF8@<A4G<BAB94G4<A%H?G<

;4AA8?8I<68
GB
8I<68B@@HA<64G<BA
945;9 EB921I1C89)?8?;E*>9F5BC9DI1@1> 1DCEI1(ED?*>9F5BC9DI?6,1D5B<??
1>1419B?;9#9C89I1=1)?8?;E*>9F5BC9DI1@1>#59 1D?)?8?;E*>9F5BC9DI1@1>
9=989B?"9JED1>9#))#5DG?B;>>?F1D9?>!12C 1@1>)1;5BE>?E5#))#5DG?B;
>>?F1D9?>!12C 1@1>$C1=E;1C89#))#5DG?B;>>?F1D9?>!12C 1@1> 
 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

$-+<91;@6.@*-970@:1+)3$@:;-4:

(4FF<I8!A98E8A68B9GG46>FBA+B@@HA<64G<BA(EBGB6B?F
<91C?E1B2)85#1D9?>1<I25B?B5>C93C1>4)B19>9>7<<91>35#)1>141<?B941
D<1>D93*>9F5BC9DI*( 
99<6<8AG(E8I8AG<BA,86;A<DH89BE4?F84G4!A=86G<BAGG46><A+@4EGE<7
C=11'241<<18*>9F5BC9DI?6,1D5B<??1>141(85B=1>(85>*>9F5BC9DI?6,1D5B<??
1>141 
,99<6<8AG4G4::E8:4G<BAJ<G;BHG,,(9BE(E<I46L
FFHE87+@4EG%8G8E<A:
91>29>7#9*>9F5BC9DI?6,1D5B<??1>141 E1>/81>7*>9F5BC9DI?6,1D5B<??1>141
-91?4?>7!9>*>9F5BC9DI?6$>D1B9?>CD9DED5?6)538>?<?7I1>141(85B=1>(85>
*>9F5BC9DI?6,1D5B<??1>141 
+@4EG%8G8E4G4::E8:4G<BA:4<AFG/<E8?8FFGG46>F4@8
,;8BE8G<6CCEB46;
.1>71?59:9>7*>9F5BC9DI?6%?CDC)5<53?==E>931D9?>CE1>74?>7<53DB93%?G5B
5C97>>CD9DED5% ' 89>1?>7<91>7E1>*>9F5BC9DI?6,I?=9>7*(!9EA9>7
.1>7?<?B14?(D1D5*>9F5BC9DI*(/89(E>(D1D5*>9F5BC9DI?6#5G.?B;1DE661<?
*(1?38E1>/81>7E1>74?>7*>9F5BC9DI?6)538>?<?7I% ' 89>1'?>7.E
E1>74?>7*>9F5BC9DI?6)538>?<?7I% ' 89>1 
99<6<8AG4A7+86HE8%8FF4:8HG;8AG<64G<BA<ABBC8E4G<I8E<I<A:4@8
,;8BE8G<6
CCEB46;
!591?(81>781991?D?>7*>9F5BC9DI% ' 89>1#1'E1>(81>781991?)?>7*>9F5BC9DI
% ' 89>11?:9>/8E(81>781991?)?>7*>9F5BC9DI% ' 89>1 

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

-;>69215/%9)5:769;15/%-+0518<-:

*BHG<A: BE84A7+C86GEH@FF<:A@8AG54F87BABAA86G87B@CBA8AG$458??<A:9BE+%
'CG<64?&8GJBE>F
%54B?"?EB1(D1D5*>9F5BC9DI?61=@9>1CB1J9<#5<C?>! ( 41?>C531(D1D5*>9F5BC9DI
?61=@9>1CB1J9< 
,E4AFCBEG$4L8ECCEB46;GB!@CEBI8A8E:L99<6<8A6L
"E81==14*C=1>*>9F5BC9DI?6)B5>D?D1<IJ=9DBI <91J?F938*>9F5BC9DI?6
!EH5=2?EB7!EH5=2?EB712B9J9?B1>5<<9*>9F5BC9DI?6)B5>D?D1<I%1C31<?EFBI
*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7%95B?1CD?<49(3E?<1(E@5B9?B5(1>D>>1D1<I 
 5CF'CG<64?HEFG%B78*868<I8EJ<G;4FG*8FCBAF84A7 <:;+G45<?<GL
492189>D9"1JG1B)?;I?*>9F5BC9DI?6)538>?<?7I1@1>)1;1C89 EB9I1=1)?;I?
*>9F5BC9DI?6)538>?<?7I1@1>9B?=9*541)?;I?*>9F5BC9DI?6)538>?<?7I1@1> 
!@C46GB9(BF<G<BA<A:EEBEBA6;<8I45?8+C86GE4?99<6<8A6L<A4G454F8
4<787&8GJBE>F
$<EG1;1I?45$>9B5D9*>9F5BC9DI?6(EBB5I*>9D54 9>74?=<9=B1>*>9F5BC9DI?6
$;<18?=1*("E81==14<9=B1>*>9F5BC9DI?6(EBB5I*>9D54 9>74?='189=
)161J?<<9*>9F5BC9DI?6(EBB5I*>9D54 9>74?=
'HG4:8(EB545<?<GLA4?LF<F9BE8I<68
GB
8I<68+LFG8@
1J9"?81==54(194E<EA>CD9DED?45)5<53?=E>931R\5C%?BDE71<(81894"E=D1J
>CD9DED?45)5<53?=E>931R\5C%?BDE71<?>1D81>'?4B97E5J>CD9DED?45
)5<53?=E>931R\5C%?BDE71< 
644<51+);165"6$#-31)*131;@)5,6,-315/5;-9)+;1=-

&8GJBE>HA6G<BABAFB?<74G<BA<A+8EI<68HA6G<BA;4<A<A:'E6;8FGE4G<BA
)1?,5>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1?>761>7.E
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>11>7(E>*>9F5BC9DI
?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1!9E!9E*>9F5BC9DI?6<53DB?>93
(395>351>4)538>?<?7I?689>1% ' 89>1
4A7B99(8E9BE@4A68!@CEBI8@8AGF<A4&8GJBE>.<EGH4?<M4G<BA54F87!AG8:E4G87,E4<A
EBHA7
B@@HA<64G<BA+LFG8@
!9/8E1B<5D?>*>9F5BC9DI1>141 '9381B4.E1B<5D?>*>9F5BC9DI1>141?>7G59
,1>759:9>791?D?>7*>9F5BC9DI% ' 89>1)1?)1>759:9>791?D?>7*>9F5BC9DI% '
89>19>#9>7(D1D5 5I!12?B1D?BI?6'19<)B16693?>DB?<1>4(165DI% ' 89>1 
%H?G<
FG4:8&8GJBE>*86BI8EL6BAF<78E<A:,E499<68@4A79G8E4$4E:8
F64?84<?HE8
?E93895>41#98?>*>9F5BC9DI1@1>(8?859 1=1=EB1#))1@1> 
(E87<6G<BACCEB46;9BEBEE8?4G874<?HE8F<A<FGE<5HG87B@CHG<A:+LFG8@F
,59G59/85>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1,1>7/89<9
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>11?A9EE1>759:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1!E?=9>7"5>759:9>7*>9F5BC9DI?6
%?CDC1>4)5<53?==E>931D9?>C% ' 89>1&9E-E5C?>759:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>1 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

$7-+;9<4$-5:15/

B@CE8;8AF<I8+8AFBE+8?86G<BA%8G;B754F87BAA8E:LBAFGE4<AGF9BEBBC8E4G<I8
+C86GEH@+8AF<A:
"1BI1="?>5=91>C6181>*>9F5BC9DI?6)538>?<?7IB1>"5849"1841F9C6181>
*>9F5BC9DI?6)538>?<?7IB1>"?81==141F14$=949C6181>*>9F5BC9DI?6)538>?<?7I
B1> 
%H?G<
68AG8EFBBC8E4G<I8FG<@4G<BA54F874FG+C86GEH@+8AF<A:
(19E1>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1/89I?>75>7
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.E1>IE1>.1?59:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.961>/81>759:9>7*>9F5BC9DI?6
%?CDC1>4)5<53?==E>931D9?>C% ' 89>1%9>7/81>7,)*%)% ' 89>1 
H??
7HC?8K+C86GEH@+8AF<A:4A7668FF<AB:A<G<I8*47<B&8GJBE>FJ<G;-A>ABJA(E<@4EL
-F8E6G<I<G<8F
"?81=54"1==?E41"3"1CD5B*>9F5BC9DI1>141'?>7/85>7"3"1CD5B*>9F5BC9DI
1>141)9=?D8I# 1F94C?>"3"1CD5B*>9F5BC9DI1>141 
A8E:L
899<6<8AG,E4AF@<FF<BAJ<G;!@C8E986G+C86GEH@+8AF<A:<AB:A<G<I8*47<B
!9>/81>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1"9>7-91?
'?I1<>CD9DED5?6)538>?<?7I(G545>1>7,E*>9F5BC9DI?6<53DB?>93(395>351>4
)538>?<?7I?689>1% ' 89>1(81?A91>!9*>9F5BC9DI?6<53DB?>93(395>351>4
)538>?<?7I?689>1% ' 89>1.9>781>7!91>7>CD9DED56?B>6?3?=='5C51B38
(9>71@?B5 
 $$
644<51+);165:$6.;>)9-$-9=1+-:)5,
<3;14-,1)7731+);165:$@476:1<4

644<51+);165:$6.;>)9-$-9=1+-:)5,<3;14-,1)7731+);165:5;-9)+;1=-

>
$A99<6<8AGCCEB46;9BE$B64G<BA(E<I46L(E8F8EI4G<BA<A$B64G<BA
4F87+8EI<68F
1>!91?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1-E>8E9
E1>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1+9C81<>1>4
)85?<<5751DB?3;@?BD(D1D5*>9F5BC9DI?6#5G.?B;*(1>7(E>*>9F5BC9DI?6
<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1?>761>7.E*>9F5BC9DI?6
<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1 
74CG<I8(46>8G+6;87H?<A:9BE+64?45?8.<78B+GE84@<A:J<G;&8GJBE>B7<A:
(85>7<1>E1>7&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?=2B?E<JAE95B4?
&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?=%5>7G591?&E55>"1BI*>9F5BC9DI
?6!?>4?>*>9D54 9>74?= 
$BFF*8F<?<8AG%H?G<
I<8J.<78B+GE84@<A:BI8E%H?G<C?8,E4AF@<FF<BA(4G;F
?B9$D?=?$C1;1*>9F5BC9DI1@1>)1;EI1E:981C89$C1;1*>9F5BC9DI1@1>.ECE;5
9B?D1$C1;1*>9F5BC9DI1@1>)1;1C89,1D1>125$C1;1*>9F5BC9DI1@1> 
!@C46GB9,BA8
@4CC<A:'C8E4GBEF4A7.<8J<A:8I<68FBA.<FH4?)H4?<GLB9KC8E<8A68
(81I=11<E2??B9%<I=?ED8*>9F5BC9DI*>9D54 9>74?=C1;1";G1G1*>9F5BC9DI?6
%<I=?ED8*>9D54 9>74?=!9>765>(E>*>9F5BC9DI?6%<I=?ED8*>9D54 9>74?=
==1>E5<65138?B*>9F5BC9DI?6%<I=?ED8*>9D54 9>74?= 
%(
54F878?4L
J4E8BHAG4<AB78F9BE$<I8.<78B+GE84@<A:
19B1>(E>*>9F5BC9DI?6<?B941*(1@5>7$<9F5B,E*>9F5BC9DI?6<?B941*( 
!AG8E98E8A684F87.<EGH4?&8GJBE>@5877<A:
!59.9>*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1/85>785>*>9F5BC9DI
?6(395>351>4)538>?<?7I?689>1% ' 89>1!9>7&9E*>9F5BC9DI?6(395>351>4
)538>?<?7I?689>1% ' 89>1.?>771>7,5>#1>I1>7)538>?<?7931<*>9F5BC9DI
(9>71@?B5 

 %
644<51+);165:%0-69@

-33<3)9

%H?G<I4E<4G8EBAG;4H?)H4AG<M4G<BA9BE
*&BJA?<A>;4AA8?
74CG<I8"B<AG)H4AG<M4G<BA<A
G;8?BH7
,?>:E!55 ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I ?B51$CF1<4?(9=5?>5
#5G5BC5I>CD9DED5?6)538>?<?7I*(??>8IE; 1>7 () ?B51(8<?=?(89DJ
(81=19)85)538>9?>CB15< 
?G8EA4G<A:!A9BE@4G<BABGG?8A86>'CG<@<M4G<BA9BEG;8B@CE8FF<BA<AG;8-C?<A>B9
*&
985>*>9F5BC9DI?6'?CD?3;5B=1>I+?<;5B E58>*>9F5BC9DI?6'?CD?3;5B=1>I
B@CHG8
*8@4C
B@CE8FF
4A7
BEJ4E79BE$<@<G8746>;4H?-C?<A>%H?G<68??(EB68FF<A:
>1;9CD5<<1E1G59)538>?<?795C? !D4 B1>35245<<1D96/1949*>9F5BC9DS%1B9CCD
"1B>5!1+1<<S5B1>35 
'AG;8A4?LF<FB98??H?4E&8GJBE>FJ<G;46;<A:4A7BBE7<A4G878I<68
GB
8I<68
B@@HA<64G<BA
C=16J1<*>9F5BC9DI?6!554C*>9D54 9>74?=(I54<9'1J1/1949*>9F5BC9DI?6!554C
*>9D54 9>74?=5C=?>4"3!5B>?>)85*>9F5BC9DI?6!554C*>9D54 9>74?="?E>9B
8?78?*>9F5BC9DI?6!554C>D5B>1D9?>1<*>9F5BC9DI?6'121D*>9D54 9>74?= 
"B<AG(HF;<A:4A746;<A:J<G;4<A<G8*868<I8EH998E'CG<@4?(B?<6<8F4A7,;EBH:;CHG
A4?LF<F
,5985>)C9>78E1*>9F5BC9DI% ' 89>1 +9>35>D%??B%B9>35D?>*>9F5BC9DI*( 
 $
9--5644<51+);165:$@:;-4:)5,-;>692:

9--5!6>-9-,-;>6925;-9)+;1=-

%4E>BI<4A%B78?FB9+B?4E(BJ8E+HCC?L9BE4$,%46EB+
9EC5@@5!5?>1B49%?<9D53>93?49)?B9>?D1<I"9385<1"5?%?<9D53>93?49)?B9>?D1<I
"1B3?:=?>5"1BC1>%?<9D53>93?49)?B9>?"#5DG?B;CD1<I 
<FGE<5HG87/<E8?8FFA8E:L+6;87H?<A:9BE/<E8?8FF(BJ8E87+8AFBE&8GJBE>F
EC9D#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5!E-91?*>9F5BC9DI?6<25BD1
1>141%9>7,1>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5?>7> 9=
(E>7;IE>;G1>*>9F5BC9DI( * ?B51/8E1>*>9F5BC9DI?6?ECD?>*( 
A8E:L 4EI8FG<A:+@4??8??&8GJBE>FJ<G;H??
7HC?8K+8?9
546>;4H?4A7%4FF<I8%!%'
!5985>)85*>9F5BC9DI?6B9D9C8?<E=2911>141 '9381B4.E1B<5D?>*>9F5BC9DI
1>141?>7959:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1?'?>7
?==E>931D9?>C'5C51B385>DB51>141-9!959:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>1+93D?B " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141 

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

#-:6<9+-336+);165

'CG<@<M87-C?<A>
BJA?<A>86BHC?<A:<A$,
-&8GJBE>FA6;B+G4G8CCEB46;
"9>7J8585>59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1,1<94(114
+9B79>91)538*(81>738E1>.9>59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C
% ' 89>1 
8HE<FG<6F9BEE8DH8A6LFF<:A@8AG(EB5?8@J<G;*84?<FG<6!AG8E98E8A68BAFGE4<AGF
?>8?>7 ??.?>C59*>9F5BC9DI ?B51EC5I9>9B;1>.9<=1J.?>C59*>9F5BC9DI.?>C59
>CD9DED5?6?>F5B75>35)538>?<?7I ?B5181>I?E>7815.?>C59*>9F5BC9DI ?B51
G9(E>7%1B; ?B5115IE>1= ?B51(E>7?%1B;$@5>(#( ?B51 
"B<AG&8GJBE>'CG<@<M4G<BA<ABBC8E4G<I8,E4AF@<FF<BA&8GJBE>FJ<G;!@C8E986G+!
.?>7,1>71B29>>CD9DED5?6)538>?<?7I% ' 89>1!9>"11B29>>CD9DED5?6
)538>?<?7I% ' 89>1.E29>-E1B29>>CD9DED5?6)538>?<?7I% ' 89>1 
!AG8E98E8A68%4A4:8@8AGJ<G;(4EG<4?-C?<A> BJA?<A>+C86GEH@'I8E?4C
DC9;91>DC?1'1>4B91>1>D5>19>1 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I(1E49
B12915C81=<(1GI 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B12911ICC1=18B?E:661D*>9F5BC9DI1>141"?81=54(<9=<?E9>9 9>724E<<18
*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49B1291 
AA4?LF<FBA*8?4LFF<FG87%<??<@8G8E/4I8&8GJBE>F
(E49@9CG1C*>9F5BC9DI?649>2EB78*>9D54 9>74?=(1DI1>1B1I1>1+E@@1<1*>9F5BC9DI
?649>2EB78*>9D54 9>74?=91>7-E5)85*>9F5BC9DI?649>2EB78$"*>9D54
9>74?=)81B=1<9>71='1D>1B1:18)85*>9F5BC9DI?649>2EB78*>9D54 9>74?= 

6*13--;>692:

!A9BE@4G<BA<99HF<BA(E87<6G<BA<A%B5<?8+B6<4?&8GJBE>FJ<G; L7EB7LA4@<6%B78?
.9>7EE1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1"9>85>E1J8?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1 
EBJ7FBHE687%B5<?<GL(E87<6G<BA4F87BA+C4G<B
,8@CBE4?BAG8KGF
19D91>%1>7)C9>78E1*>9F5BC9DI% ' 89>1%5>7,1>7)C9>78E1*>9F5BC9DI% ' 89>1
!9>1?)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7"9>7)1>7)8589>5C5
*>9F5BC9DI?6?>7 ?>7?>7 ?>791>G59E1>7)8589>5C5*>9F5BC9DI?6?>7 ?>7
?>7 ?>7!965>7(E>)C9>78E1*>9F5BC9DI% ' 89>1 
+HCCBEG<A:%B5<?<GL<A6B@C4E<FBA58GJ88A%4FF<I8%!%'4A7BAG<AHBHF-?GE48AF8
&8GJBE>F
%5DD5B9 5<1E1G59)538>?<?795C$I9><1>4? !D4 9><1>4-1F95B5<125BDE1G59
)538>?<?795C(G545>(G545>ECC9)EB;;1"179CD5B(?<ED9?>C!D4 9><1>4"1B9?
?CD1E1G59)538>?<?795C$I9><1>4? !D4 9><1>4 1B959C;1E1G599><1>4
1B9!5@@1>5>E1G59)538>?<?795C9><1>48B9CD5B&F1B6?B4DE1G59)538>?<?795C
(G545>(G545> 
4A7BI8E%4A4:8@8AG<A8AF88??H?4E&8GJBE>F+GB6;4FG<68B@8GELCCEB46;
'125BC814 9>7184*>9F5BC9DI?6%5DB?<5E=1>4"9>5B1<C(1E49B12915C81=<(1GI
 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49B1291(1=58(?B?EB
 9>7184*>9F5BC9DI?6%5DB?<5E=1>4"9>5B1<C *%"(1E49B1291)1B5A. <#166?EB9
 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I*("?81=54(<9=<?E9>9 9>7
24E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49B1291  
KC?BE<A:+84FBA4? H@4A8;4I<BE<A'CCBEGHA<FG<6%B5<?8&8GJBE>F
1CC9?"13814?545B1<*>9F5BC9DI?6"9>1C5B19C*>9F5BC9DI?6$DD1G1B1J9<JJ549>5
?E;5B385*>9F5BC9DI?6$DD1G11>141%54B?$ ( +1J45"5<?545B1<*>9F5BC9DI?6
"9>1C5B19CB1J9<4E1B4?5BAE59B1545B1<*>9F5BC9DI?6%1B1*!*%*!
B1J9<>D?>9?  !?EB59B?545B1<*>9F5BC9DI?6"9>1C5B19CB1J9< 

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

<;<9-5;-95-;)5,-?;/-5-9);165-;>69215/9+01;-+;<9-:

+B9GJ4E88I8?BC@8AG#<GGB8KC?B<G*!&CEB:E4@@45<?<GL
+9>35>J?"1669?>5#5HDG?B;CD1<IB1>35C3?(1<F5CDB9>9#5HDG?B;CC B < D1<I4E1B4
B1C1E>4139Y9 )>D5B>5D9>>?F139Y979D1<11D1<E>I1(@19>"9AE5<)1BJ1>
!?B5>D59 1D?E>41D9?>(@19>!5?>1B4?5B75C9?9 )(@19>  
"B<AG&8GJBE>4A7+8EI8E$B474?4A6<A:?:BE<G;@9BE;4<A<A:.<EGH4?<M87&8GJBE>
HA6G<BAF
)E1>)819#1D9?>1<891?)E>7*>9F5BC9DI)19G1>.9>71B!9>#1D9?>1<891?)E>7
*>9F5BC9DI)19G1>.E1>85>7!19>6?B=1D9?>"1>175=5>D#)*())19G1>  
+64?45?8(46>8G
+J<G6;4F87BA'HGCHG
)H8H87&BF9BE4G48AGE8&8GJBE>F
14?E11CC5>!554C*>9F5BC9DI*>9D54 9>74?=!?D69"81=49*>9F5BC9DI?6!554C*>9D54
9>74?=  
!A68AG<I8F9BE!A9E4FGEH6GHE88C?BL@8AG5L'I8E
G;8
,BC+8EI<68(EBI<78EF<A4%B5<?8
&8GJBE>BBC8E4G<I84@8,;8BEL%B78?
135; 929d41)B9>9DI?<<575E2<9>B5<1>4B1>35C3?"1<1>4B9>?%?<9D53>93?49)?B9>?
D1<I!E9J1(9<F1)B9>9DI?<<575E2<9>B5<1>4 
!AG8E
B@4<A*BHG<A:J<G;HG
,;EBH:;+J<G6;<A:9BEG;8%B5<?<GL<EFGHGHE8!AG8EA8G
E6;<G86GHE8
4B91>!1B1*>9F5BC9DI?6?CD1'931?CD1'931(8B5I1C55"E;85B:55,#!'ED75BC
*>9F5BC9DI*(IB1F'1=1=EBD8I*>9F5BC9DI?6#52B1C;1!9>3?<>*(9@1>;1B
'1I381E48EB9'ED75BC*>9F5BC9DI*(  '1=1;B9C8>1>*>9F5BC9DI?61<96?B>91
'9F5BC945*( 
  $
 7;1+)3-;>692:)5,$@:;-4:

++-::-;>692:

99<6<8AG66B@@B74G<BAB9%B5<?8EBAG;4H?4A7+86BA74EL+8EI<68F<A4,%
('&+LFG8@
J<G;/<E8?8FF,E4@8%BA<GBE
19CE;59C1>?#))1@1>)1DCEI1(89=141#))1@1>9B?C89$E#))?B@?B1D9?>
1@1>)1;1IE;9 ?21I1C89#))1@1>(8975BE EG1>?#))?B@?B1D9?>1@1>E>
)5B141#))?B@?B1D9?>1@1>;989B?$D1;1#))?B@?B1D9?>1@1> 
A8E:L(8E9BE@4A68B9
*&J<G;
&0*47<B&8GJBE>F4A7'CG<64?,E4AFCBEG
"1DD5?9?B1>9 )'?I1<>CD9DED5?6)538>?<?7I(G545>(925<)?=21JB93CC?>
'5C51B38(G545>?>1C"QBD5>CC?>3B5?(G545>:[B>(;E293B93CC?>
(G545>!5>1,?C9>C;1 )'?I1<>CD9DED5?6)538>?<?7I(G545>%1?<?"?>D9 )
'?I1<>CD9DED5?6)538>?<?7I(G545> 
A4?LG<64?4A7KC8E<@8AG4?I4?H4G<BAB9(*!BI8EG;8EA8GLA4@<6*4G8*86BA9<:HE4G<BA
!E31+1<31B5>789(3E?<1(E@5B9?B5(1>D>>1D1<I ?D5CG1B1B1? ?>45@E(3E<?1
(E@5B9?B5(1>D>>1D1<I%95B?1CD?<49(3E?<1(E@5B9?B5(1>D>>1D1<I 
+HEI<I45?8E6;<G86GHE8F9BE(BJ8E
+4I<A:F4C45?8BAI8E:87668FF&8GJBE>F
<19>5,?>7)85*>9F5BC9DI?6"5<2?EB>5ECDB1<911B=5>"1C"138E31)538>931<
*>9F5BC9DI?6"E>9385B=1>I!5>1,?C9>C;1 )'?I1<>CD9DED5?6)538>?<?7I
(G545> 
%H?G<E4G8!(,E499<6,E4AF@<FF<BA<A?8K<5?8668FF&8GJBE>F54F87BA'CG<64?
%
)8917?''144?)538>931<*>9F5BC9DI?65>=1B;*>9F5BC9DI?6(1?%1E<?5>=1B;
>45BC?>(1>385C*>9F5BC9DI?6D85'53?>31F??6D851891*'B1J9<45<6?>C?)16EB
"?>B?I)538>931<*>9F5BC9DI?65>=1B;)"$*>9F5BC9DI5>=1B;5>EB+?B75C
*>9F5BC9414545(P?%1E<?C3?<145>75>81B9145(P?1B<?CB1J9< 

 $ 


$36<,644<51+);165:)5,-;>69215/

36<,644<51+);165:)5,-;>69215/5;-9)+;1=-

74CG<I8CC?<64G<BA'99?B47<A:86<F<BA4A7,E4AF@<FF<BA+6;87H?<A:9BE%B5<?8?BH7
B@CHG<A:
E>I9,1>7E9<9>*>9F5BC9DI?6<53DB?>93)538>?<?7I% ' 89>195%5>7E9<9>
*>9F5BC9DI?6<53DB?>93)538>?<?7I% ' 89>1.1>85>7,59E9<9>*>9F5BC9DI?6<53DB?=93
)538>?<?7I% ' 89>1949!9E(38??<?6)5<53?==E>931D9?>>79>55B9>7-9491>
*>9F5BC9DI% ' 89>195<9>EE9<9>*>9F5BC9DI?6<53DB?>93)538>?<?7I% ' 89>1 
+HCC?L;4<A99<6<8AG!AI8AGBEL%4A4:8@8AG4F4+8EI<68'998E875L4?BH7
54F87(?4G9BE@
245<=?E>19=1829*>9F5BC9DI?6$DD1G11>141ECC59>) "?E6D18*>9F5BC9DI?6
$DD1G11>141 
<FGE<5HG87(E<I4G8'A?<A8$84EA<A:9BE+B6<4?<:4G4B@CHG<A:BI8E4G48AG8E&8GJBE>F
85>385>7!9E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1%1>/8?E
E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1.9>7HE5/8?EE1/8?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1 197E991>%5;9>7*>9F5BC9DI% '
89>1)1?91>7E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1(EC1>D?
'181B4:1#?BD8G5CD5B>%?<ID538>931<*>9F5BC9DI% ' 89>1 
B@5<A4GBE<4?BH5?8H6G<BA4F87*8FBHE68??B64G<BA%86;4A<F@J<G;%H?G<C?8*BHA7F9BE
8B
7<FGE<5HG874G48AG8EF
.5BE/81?(38??<?6>6?B=1D9?>(395>35>79>55B9>75>DB1<(?ED8*>9F5BC9DI% '
89>1/89GEE1>7(38??<?6>6?B=1D9?>(395>35>79>55B9>75>DB1<(?ED8*>9F5BC9DI
% ' 89>1,59B?>7!9E(38??<?6>6?B=1D9?>(395>35>79>55B9>75>DB1<(?ED8
*>9F5BC9DI% ' 89>1E>%5>7(38??<?6>6?B=1D9?>(395>35>79>55B9>75>DB1<
(?ED8*>9F5BC9DI% ' 89>1&91>A91>/81>7(38??<?6>6?B=1D9?>(395>35>79>55B9>7
5>DB1<(?ED8*>9F5BC9DI% ' 89>1 
 $ $
$);)$;69)/-

);)$;69)/-

+8E<4?)H4F<
(E<@<G<I8
 B78F9BE&&?4F;%8@BE<8F
15CE>7 9= () ?B515?>7C5?;1 () ?B51  
,BJ4E7F4AA4?LG<64?%B78?B9&&?4F;%8@BEL4A7G;8!@C46GBA;4AA8?86B7<A:
1385=.1CC9>5*>9F5BC9DI?6$H6?B4*>9D54 9>74?=ECD9>%??>*>9F5BC9DI?6$H6?B4
*>9D54 9>74?="?81=54C=19<)?C8921'5C51B38EB?@5!D4 *>9D54 9>74?=5>BI
<5D385B*>9F5BC9DI?6$H6?B4*>9D54 9>74?= 
$B64??L*8JE<G45?8B78F9BE*8F<FG<I8%8@BE<8F
.?>7:E>5 9=1B>5795"5<<?>*>9F5BC9DI*(289C85;(81B=11B>5795"5<<?>
*>9F5BC9DI*('?25BD"1D55C3E,'5C51B38*((5E>7G1>(?>7()'5C51B38
*(/F?>9=9B/1>493(''5C51B38()*(1=5C19>1B>5795"5<<?>
*>9F5BC9DI*( +  +9:1I1 E=1B1B>5795"5<<?>*>9F5BC9DI*(  
*87H6<A:*8C4<E
4A7J<7G;-F<A:B78F4F87BA46GBEE4C;F
?>7G?>!55 ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I ?B51I57I5?>7%1B;
 () ?B5115;IE>"??> () ?B51  
,;8*BG4G<A:
,4E:8G?:BE<G;@9BE"B<AG?L8G86G<A:FLA6;EBABHF,E46>F
<>1J1>1>(1457891>5?B791>CD9DED5?6)538>?<?7I*(?8>1BBI5?B791>CD9DED5
?6)538>?<?7I*(  

 $%
$-)3;0

-)3;05;-9)+;1=-

)
'.A8E:L4A7)B+FHCCBEG87'.9BE58GG8EC8E9BE@4A68<A/%+&F
(?691>51=B9?E9*>9F5BC9DI?61ED5<C135*B1>35%1C31<!?B5>J*>9F5BC9DI?6
1ED5<C135B1>35 
BAG46G
?8FF!A7BBE6G<I<GLA4?LF<FHF<A:<EFG
E89?86G<BA6;B?B64G<BA
(E29B9CG1C"938971>(D1D5*>9F5BC9DI*(B1>4?>1BB9>7D?>+9B79>91(D1D5*>9F5BC9DI
*(15J581:91781:1>9"938971>(D1D5*>9F5BC9DI*('E9,1>7"938971>(D1D5
*>9F5BC9DI*( 
!78AG<9L<A:46G<I<GL5BHA74E<8F9BE46G<I<GLE86B:A<G<BA<AF@4EG8AI<EBA@8AGF
.9,1>7)?C8921*>9D54 9>74?=/8?>71>)?C8921'5C51B38EB?@5*>9D54 9>74?=
I?=91>41B1)?C8921'5C51B38EB?@5!D4 *>9D54 9>74?= 

 $$$
$$);-331;-)5,$7)+-644<51+);165:

-;>69215/

*BHG<A:'CG<@<M4G<BA9BE,&
4F87+C468&8GJBE>F-F<A:4,8@CBE4?E4C;%B78?
(1B1<<1?E9*>9F5BC9DI?6#52B1C;1!9>3?<>*(IB1F'1=1=EBD8I*>9F5BC9DI?6
#52B1C;1!9>3?<>*( 
8?4L
BHA7874A7%<A<@4?,E4AF@<FF<BAEB4764FG<A$'+4G8??<G8&8GJBE>F
5>751B29>>CD9DED5?6)538>?<?7I(85>J85>B14E1D5(38??<% ' 89>1&9>!9E
(38??<?6?=@ED5B,E81>*>9F5BC9DI% ' 89>1)1?!F1B29>>CD9DED5?6)538>?<?7I
(85>J85>B14E1D5(38??<% ' 89>18E>.1>!9E1B29>>CD9DED5?6)538>?<?7I
(85>/85>B14E1D5(38??<% ' 89>15:91?E1>71B29>>CD9DED5?6)538>?<?7I% '
89>1-91?8E1919DI*>9F5BC9DI?6?>7 ?>7?>7 ?>7 
,;EBH:;CHG%4K<@<M4G<BA9BE$BA:
<FG4A68*84?
,<@84G4,E4AF@<FF<BABI8E%H?G<C?8-.F
"1C1>?B9?B9E389)?8?;E*>9F5BC9DI1@1>9B?;9#9C89I1=1)?8?;E*>9F5BC9DI1@1>
#59 1D?)?8?;E*>9F5BC9DI1@1>E=95$>?#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4
?==E>931D9?>C)538>?<?7I1@1>'IE"9EB1#)1@1> 
8878E
$<A>'HG4:8(E87<6G<BA?:BE<G;@F9BE+&
54F87 <:;
,;EBH:;CHG+4G8??<G8+LFG8@F
"1EB9J9?"?>75<<9#1D9?>1<'5C51B38?E>39<?6D1<ID1<I)?=1C?5?<15B=1>
5B?C@1355>D5B!'5B=1>I"1B3?5<<?#?;915<<!12CB5<1>4"1B9?"1B385C5
()*>9F5BC9DI?65>?1D1<IB1>3?' 1F?<9*>9F5BC9DI?65>?1#1D9?>1<>D5B
*>9F5BC9DI?>C?BD9E=6?B)5<53?==E>931D9?>C#)D1<I 
+,
*A! $B6+C?<G&8GJBE>E6;<G86GHE8!AG8E6BAA86G<A:+4G8??<G84A7EBHA7&8GJBE>F
?81?5>759:9>791?D?>7*>9F5BC9DI% ' 89>1E138E>/8?E59:9>791?D?>7
*>9F5BC9DI% ' 89>1E1>G5>!959:9>791?D?>7*>9F5BC9DI% ' 89>11965>7!9
*>9F5BC9DI?6599>791?)?>7599>7% ' 89>1(8E9.E51;9>*>9F5BC9DIECDB1<91 

 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

<33<73-?

'CG<@4?$BJ
B@C?8K<GL+8?9
!AG8E98E8A684A68??4G<BA9BEH??
HC?8K%!%'+@4??8??F
D1<?DJ5>9"1D85=1D931<1>4<7?B9D8=93(395>35C!12B1>35'5C51B385>D5BE1G59
)538>?<?795C? !D4 B1>35"1B3?"1C?"1D85=1D931<1>4<7?B9D8=93(395>35C!12
E1G59B1>35'5C51B385>D5BB1>35"1B9?C ?E>D?EB9CE1G59)538>?<?795CB1>35 
KC?B<G<A:(B?4E<M4G<BAGB*8F<FG(;4F8&B<F89BE<:<G4?+8?9
!AG8E98E8A684A68??4G<BA<AH??

HC?8K
1>761>7!9E59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1(?>7<9>91
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>119<9E?59:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>18E>I1>5>759:9>7*>9F5BC9DI?6
%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 
(E<6<A:4F87!AG8E98E8A68BAGEB?<A*8I8EF87,<@8<I<F<BAHC?8K 8G8EB:8A8BHF&8GJBE>F
.5!9E!?E782?B?E78*>9F5BC9DI*>9D54 9>74?=(1>71B1@9<<19!1=2?D81B1>
!?E782?B?E78*>9F5BC9DI*>9D54 9>74?=BE=E71=#1<<1>1D81> 9>7C?<<575!?>4?>
*>9D54 9>74?= 19 9D,?>7*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?= 
(EBGB6B?8F<:A4A7(8E9BE@4A68A4?LF<F9BE0
HC?8K@C?<9L
4A7
BEJ4E7*8?4L&8GJBE>F
(8E19!9%5;9>7*>9F5BC9DI% ' 89>1"9>7H9>/8?E%5;9>7*>9F5BC9DI% ' 89>1
91>:E>,E%5;9>7*>9F5BC9DI% ' 89>1!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1
.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91?>729>!9%5;9>7*>9F5BC9DI% ' 89>1 
'CG<@4?-C?<A>4A7BJA?<A>;4AA8?FF<:A@8AG<A4H??
HC?8K%H?G<HF8E+LFG8@
EI # #7EI5>*>9F5BC9DI?6)5H1CECD9>*(!?>71?!5#'(*>9F5BC9DI?6
&E52531>141/8E1>*>9F5BC9DI?6?ECD?>*(  

 ($
(19-3-::644<51+);165:$@476:1<4

667-9);1=--;>692:)5,#-3)@15/644<51+);165:

(8E9BE@4A68A4?LF<FB9(4<E87
*(EBCBEG<BA4?94<EA8FF<A*8?4L
4FF<FG87%H?G<HF8EBJA?<A>
B61>8=54)196*>9F5BC9DI(1E49B12911814!B1441I)196*>9F5BC9DI(1E49B1291  
"B<AG(BJ8EBAGEB?4A7A8E:L,E4AF98E9BEA8E:L 4EI8FG<A:*8?4L&8GJBE>F
5C81F(9>78)85*>9F5BC9DI?649>2EB78*>9D54 9>74?="5>7!9> E#1D9?>1<5>DB1<
*>9F5BC9DI)19G1>9189>!9>#1D9?>1<5>DB1<*>9F5BC9DI)19G1> 
&BI8?(EBGB6B?J<G;!@CEBI87'HG4:8(EB545<?<GL(8E9BE@4A689BEG;847<A:,JB
BC 4?9

HC?8K*8?4L;4AA8?
#9;?<1/<1D1>?F"?>1C8*>9F5BC9DIECDB1<91+18941=1<9B954B938<5H1>45B*>9F5BC9DI
B<1>75>#aEB>25B75B=1>I5BB93;,9>7 G1>#7*>9F5BC9DI?6#5G(?ED8,1<5C
ECDB1<91'?25BD(38?25B*>9F5BC9DI?6B9D9C8?<E=2911>141  
E:B7<64C46<GLA4?LF<FB9BEE8?4G87%!%'H??
HC?8K*8?4L<A:
8=54"<=B149)85*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?= 819B9 1=49
*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?= 
*A8E:L 4EI8FG<A:<A*8?4L&8GJBE>F<AG;8(E8F8A68B94A!AG8E98E<A:+<:A4?
!9>1<=?BC854I*>9F5BC9DI?6B9D9C8?<E=2911>141IB9<!5E>7)85*>9F5BC9DI?6
B9D9C8?<E=2911>141(5I54"?EC1F961B*>9F5BC9DI?6B9D9C8?<E=2911>141 

$4)33-33:)5,-;-96/-5-6<:-;>692:

+C86GE4?99<6<8A6LA4?LF<F<A/<E8?8FF 8G8EB:8A8BHF&8GJBE>F
59-95*D18(D1D5*>9F5BC9DI*(/5;E>/81>7*D18(D1D5*>9F5BC9DI*('?C5
&9>7I1>7E*D18(D1D5*>9F5BC9DI*(.9&91>*>9F5BC9DI?6#52B1C;1b!9>3?<>*( 
46;8
8A45?87 8G8EB:8A8BHF8??H?4E&8GJBE>FB@C4E<FBA4A7,E478B99F
?>7!9E5981>7*>9F5BC9DI% ' 89>185>I1>7.1>75981>7*>9F5BC9DI% ' 89>1 
BBC8E4G<I8$B64?46;<A:4A7<?8+;4E<A:HA78E 8G8EB:8A8BHF<?8(E898E8A68F
.9>781?E?#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5!9>7:95E1>(9>71@?B5
*>9F5BC9DI?6)538>?<?7I1>45C97>(*)(9>71@?B5'E9/81>7#1D9?>1<*>9F5BC9DI?6
(9>71@?B5(9>71@?B5 
'HG4:84A7,;EBH:;CHGA4?LF<FB9%H?G<
AG8AA4,E4AF@<FF<BAF<A 8G8EB:8A8BHF8??H?4E
&8GJBE>F
)?>7-9>7/85>7-91>91?D?>7*>F95BC9DI% ' 89>1&91>.1>7-91>91?D?>7
*>9F5BC9DI% ' 89>1.9/81>7-91>91?D?>7*>F95BC9DI3?<55>DB1<545#1>D5C% '
89>1.9>7E-91>91?D?>7*>9F5BC9DI(D1D5'149?"?>9D?B9>75>D5B% ' 89>1E9
"9>7,1>7-91>91?D?>7*>9F5BC9DI% ' 89>1%5>7385>7"E-91>91?D?>7*>9F5BC9DI
% ' 89>1 
%B78??<A:4A7(8E9BE@4A68A4?LF<FB9
 8G8EB:8A8BHF8??H?4E&8GJBE>F
I=5>$=B9&1D1B*>9F5BC9DI&1D1B"1J5>$=1B1C>1&1D1B*>9F5BC9DI&1D1B 

<3;173-++-::

'AG;8+86E86L4C46<GLB9%H?G<
8??-C?<A>&8GJBE>FJ<G;'CCBEGHA<FG<6+6;87H?<A:
E9>1>I1>7*>9F5BC9DI ?B511>78E<E>78E>7>1=#1D9?>1<*>9F5BC9DI ?B51
,?>.?>7(89>1>;??;*>9F5BC9DI ?B51 
A'CG<@<M87+HC8ECBF<G<BABAFG8??4G<BA4A7*8:<BA
*8FGE<6G87%(8G86GBE9BE$++LFG8@
!9>9>7)91>/85:91>7*>9F5BC9DI% ' 89>195/8?>7/85:91>7*>9F5BC9DI% ' 89>1
"9>:91>/81?/85:91>7*>9F5BC9DI% ' 89>1!59,5>*>9F5BC9DI?6(EBB5I*>9D54
9>74?= 
(;LF<64?$4L8E+86HE<GL9BE&BA
BEG;B:BA4?%H?G<C?8668FF<A$4E:8
F64?8&8GJBE>F
/89:9>&9>&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?=.E1>G59!9E&E55>"1BI
*>9F5BC9DI?6!?>4?>*>9D54 9>74?=/897E?9>7!1>31CD5B*>9F5BC9DI*>9D54 9>74?=
.E51?&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?="1754<;1C8<1>&E55>"1BI
*>9F5BC9DI?6!?>4?>*>9D54 9>74?= 
"B<AG*8?4L+8?86G<BA4A7+H564EE<8E??B64G<BA9BE%H?G<
4EE<8E*8?4LFF<FG87%H?G<
668FF
&8GJBE>F
1>9)C9>78E1*>9F5BC9DI% ' 89>1?19)C9>78E1*>9F5BC9DI% ' 89>1,5985>
)C9>78E1*>9F5BC9DI% ' 89>1 
'%9BEL6?<6(E89<KI8EFHF28EB(BFG9<K 4A7<?G8E<A:I8EFHF/<A7BJ<A:
(9F1B1=1+5>;1D5C1>5<<!12C<31D5<!E35>D*('59>1<4?+1<5>JE5<15<<!12C
<31D5<!E35>D*( 
)::1=- 

(8E9BE@4A68A4?LF<F9BE+<A:?8
987+(*<AG;8(E8F8A68B9!@C874A68EEBEF4A7!@C8E986G
+!
>7!9*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?=8B9CD?C"1C?EB?C*>9F5BC9DI?<<575
!?>4?>*>9D54 9>74?= 
'AG;88F<:AB9%!%'
&'%BJA?<A>4A7-C?<A>,E4AF@<FF<BA
/897E?9>7!1>31CD5B*>9F5BC9DI*>9D54 9>74?='?25BD(38?25B*>9F5BC9DODB<1>75>
#^B>25B75B=1>I +9>35>D%??B%B9>35D?>*>9F5BC9DI*(  
%H?G<
'5=86G<I8*8FBHE68??B64G<BA<AH??
HC?8K+/!(,+LFG8@F
(89I1>7!5>7)85%5>>CI<F1>91(D1D5*>9F5BC9DI*(5BB93;,9>7 G1>#7*>9F5BC9DI?6
#5G(?ED8,1<5CECDB1<91#9;?<1/<1D1>?F"?>1C8*>9F5BC9DIECDB1<91'?25BD(38?25B
*>9F5BC9DI?6B9D9C8?<E=2911>141  
$BJ
B@C?8K<GL%!%'(E86B7<A:J<G;<F6E8G8+<:A4?F4A7+G4G<FG<64?+!
.?>7@5>7,E*>9F5BC9DI?6B<1>75>#EB5=25B75B=1>I81? 19,5>#1D9?>1<(E>
.1DC5>*>9F5BC9DI)19G1>5BB93;,9>7 G1>#7*>9F5BC9DI?6#5G(?ED8,1<5C
ECDB1<91'?25BD(38?25B*>9F5BC9DODB<1>75>#^B>25B75B=1>I>75<!?J1>?
*>9F5BC9D1D%?=@5E12B1*%(@19> 
-C?<A> BJA?<A>H4?<GL<A%4FF<I8%!%'+LFG8@FJ<G; 4E7J4E8!@C4<E@8AGF
(818B1=/1B59B954B938<5H1>45B*>9F5BC9DODB<1>75>#^B>25B75B=1>I,?<671>7
5BCD13;5B*>9F5BC9DI?6B<1>75>#E5B>25B75B=1>I'?25BD(38?25B*>9F5BC9DOD
B<1>75>#^B>25B75B=1>I  

5;-9.-9-5+-0)9)+;-91A);165)5,5;-9.-9-5+-)5)/-4-5;5;-9)+;1=-

%B78?<A:4A7A4?LF<FB98??H?4E&8GJBE>FJ<G;?4FG<64G4,E499<6
B=1>(8?:15961B4*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?= 819B9 1=49*>9F5BC9DI
?6"1>385CD5B*>9D54 9>74?==14<CEC1"1>385CD5B*>9F5BC9DI*>9D54 9>74?=
1>95<  (?*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?=95)1>7(?ED889>1*>9F5BC9DI
?6)538>?<?7I% ' 89>1 
$B64G<BA
J4E8+C86GEH@+;4E<A:9BE-A78E?4<7$,
7I4A687J<G;(BJ8EBAGEB?
?>77E1>7(E>-9491>*>9F5BC9DI% ' 89>1"9>(85>7-9491>*>9F5BC9DI% ' 89>1
.1>/81>7-9491>*>9F5BC9DI% ' 89>1-9:E>,1>7-9491>*>9F5BC9DI% ' 89>1
91>4?>7!9-9491>*>9F5BC9DI% ' 89>1)?>I& ( &E5;(9>71@?B5*>9F5BC9DI?6
)538>?<?7I1>45C97>(9>71@?B5 
,<:;GBHA7FBAG;8$4C?468,E4AF9BE@B9!AG8E98E8A68<A4(B<FFBA B?8(EB68FF
/59>12.1J41>C85>1C1>+9B79>91)538(9>71@?B51B@B55D(89<<?>+9B79>91)538*(
"58B>1J6C81>7+9B79>91)538*(%5D5B1>??8?>7E3;<1>4*>9F5BC9DI?6
)538>?<?7I#5G/51<1>4 
668FF(B<AG+8?86G<BA4A7H6G<BA
54F87+6;87H?<A:<A-C?<A>%-
%!%'/$&F
"5>7:95-95)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7)1D" !?;)8589>5C5
*>9F5BC9DI?6?>7 ?>7?>7 ?>7 

 $
,06+)5,$-5:69-;>69215/$@476:1<4

5-9/@..1+1-5;-;>692:

HMML(BJ8E%4A4:8@8AG9BEA8E:L 4EI8FG<A:/<E8?8FF+8AFBE&B78F
1IR1<9D?E491*>9F5BC9DI?6'5>>5C '(B1>35"1DD895E1ED95B*>9F5BC9DI?6
'5>>5C '(B1>35$<9F95B5B45B*>9F5BC9DI?6'5>>5C '(#'B1>35 
,BJ4E7FA8E:L
4?4A6874G4,E4AF@<FF<BA9BE$<98G<@8'CG<@<M4G<BA<A/<E8?8FF+8AFBE
&8GJBE>F
-91>:9>-91#?BD8G5CD5B>%?<ID538>931<*>9F5BC9DI% ' 89>1(89#9>7!9#?BD8G5CD5B>
%?<ID538>931<*>9F5BC9DI% ' 89>1.E/81>7#?BD8G5CD5B>%?<ID538>931<*>9F5BC9DI
'")*>9F5BC9DI% ' 89>1)1?E'")*>9F5BC9DIECDB1<91 
+G4EI4G<BAIB<74A68%B5<?8A8E:L*8C?8A<F;@8AG9BE/<E8?8FF*86;4E:845?8+8AFBE&8GJBE>F
.?>75>7 E>=9>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1#91>2?!9E
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>15>7,1>7 E>=9>7
*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1&91>&91> E>=9>7*>9F5BC9DI?6(395>35
1>4)538>?<?7I% ' 89>1-9EA9!9 E>=9>7*>9F5BC9DI?6(395>351>4)538>?<?7I% '
89>1 
A8E:L
99<6<8AG?4FF<9<64G<BA9BEAB@4?L8G86G<BA,;8/<E8?8FF;4AA8?4F4 8?C8E
9B9<'1<9>?FC;9)538>931<*>9F5BC9DI5B<9>5B=1>I"1B9??<45>21E=%B9>35D?>
*>9F5BC9DI*((<1G?=9B(D1>3J1;B1E>8?65B59>B9385BDJ>CD9DED5)538>9C385
*>9F5BC9DOD5B<9>5B=1>I 
'CG<@4?,E4AF@<FF<BA(8E<B79BE!@CEBI87+<A>
54F874G4B??86G<BA<AA8E:L 4EI8FG<A:
/<E8?8FF+8AFBE&8GJBE>F
221C"58B129G1>7:E>CD9DED5?6(395>351>4)538>?<?7IG1>7:E ?B51 9C5?> 9=
()G1>7:E'5?E2<93?6 ?B51 ?B51 

6*13-)5,'-01+<3)9,6+-;>692:

.8;<6H?4EB@@HA<64G<BA(8E9BE@4A68<ABAIBLFB9HGB@4G87.8;<6?8F
7>139?!<1DC5B)538>9C385*>9F5BC9DODB5C45>5B=1>I>4B51C5CD17)*B5C45>
5B=1>I5B81B45DDG59C)538>9C385*>9F5BC9DODB5C45>5B=1>I 
BAA86G<I<GLA4?LG<64?%B78?9BE4 <:;J4LJ<G;4AAGE4A68 K<G<A.8;<6H?4E7 B6
&8GJBE>F
.E,1>7(?ED851CD*>9F5BC9DI% ' 89>1E>/85>7(?ED851CD*>9F5BC9DI% ' 89>1 
(878FGE<4A847*86>BA<A:BA+@4EGC;BA8FJ<G;.4EL<A:/4?><A:+C887
'E9/8?E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1 
,E499<6<:4G4A4?LF<F+HCCBEG<A:.8;<6H?4E&8GJBE>668FF*86B@@8A74G<BA
.E>C8E!9E(81>781991?D?>7*>9F5BC9DI% ' 89>1-E1>IE85>(81>781991?D?>7
*>9F5BC9DI% ' 89>119<91>85>(81>781991?)?>7*>9F5BC9DI% ' 89>1-9>@9>7
E1>(81>781991?)?>7*>9F5BC9DI% ' 89>1  
*8<A9BE68@8AG$84EA<A:
54F874G4+GBE4:8+6;8@8<A.8;<6H?4E7 B6&8GJBE>F
5<9=E75,E)85*>9F5BC9DI?6<53DB??==E>931D9?>C1@1>)CED?=E.?C89>171
*>9F5BC9DI?6<53DB??==E>931D9?>C1@1>.EC85>79#1D9?>1<>CD9DED5?6>6?B=1D93C
1@1>)ED?=E"EB1C5#17?I1*>9F5BC9DI1@1>.1>/81>7(9=E<1'5C51B38!12?B1D?BI
1>4*>9F5BC9DI?6$C<?#?BG1I 

 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

5;-95-;$-+<91;@

)B+)H4?<GLB9+6HE<GLA8GJBE>F86HE<GL@B7H?8HF<A:47<FGE<5HG87&.
)15:E>5%1B; () ?B51.5?>;5E> 9= () ?B51158IE>%1B; () ?B51
IE>=9>(E8 () ?B51I5?>74??>7 () ?B51(5E>7G?>(89> ()
?B51  
BB><8%<A8E,BJ4E7F*84?
,<@8*86BAFGEH6G<BAB9/85
BJA?B47<A:;4<AF9EB@&8GJBE>
,E468F
/89@5>785>>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% '
89>1%5>7/81>7>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% '
89>181?/85>7>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% '
89>1&9>7IE>!9E>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% '
89>1  
6;<8I<A:+86HE84A766HE4G8E<8A7<F6BI8EL4F87BAE<8A7
B9
E<8A7F*86B@@8A74G<BAF
.E1>IE1>5(D1D5 5I!12?B1D?BI?6>6?B=1D9?>(53EB9DI>CD9DED5?6>6?B=1D9?>
>79>55B9>7(% ' 89>15>78E1!9(D1D5 5I!12?B1D?BI?6>6?B=1D9?>(53EB9DI
>CD9DED5?6>6?B=1D9?>>79>55B9>7(% ' 89>15>#9E(D1D5 5I!12?B1D?BI?6
>6?B=1D9?>(53EB9DI>CD9DED5?6>6?B=1D9?>>79>55B9>7(% ' 89>19165>7E1
-9491>*>9F5BC9DI% ' 89>1 
EB@CEBG86G<A:CEBGB6B?FGB?4L8EF78F<:A<A: <@C?8@8AG<A:4A78KC8E<@8AG<A:J<G;F86HE<GL
CB?<6<8F<A*!&
4E1B4B1C1E>4139Y9 )>D5B>5D9>>?F139Y979D1<11D1<E>I1(@19>$>4B5:
'IC1FIB>?*>9F5BC9DI?6)538>?<?7IJ538'5@E2<93$>4B5:!93D8>5BB>?*>9F5BC9DI?6
)538>?<?7IJ538'5@E2<931=94C71B9)81<5C* '5C51B38)538>?<?7I*>9D54
9>74?=?8>1I?CD?>*>9F5BC9DI*(!?E89D;EC85F?CD?>*>9F5BC9DI*( 

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

-;>6926,15/

&8GJBE>B7<A:
J4E8!  %(EBGB6B?-F<A:4G6;,E4AF@<FF<BAF4A7%H?G<C?8
*8I8EF8<E86G<BAK6;4A:8F
'1E<%1<139?C)BE:9<<?*>9F5BC9DI?61=@9>1CB1J9<9>91=19<E129*>9F5BC9DI?6
)B5>D?D1<I5CEC<?>C?/1B1D55>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1
))(@19>12B9J9?B1>5<<9*>9F5BC9DI?6)B5>D?D1<IB1>; % 9DJ5;)538>9C385
*>9F5BC9DODB5C45>?=#5DC?==E>931D9?>#5DG?B;CB?E@5B=1>I#5<C?>! ( 41
?>C531(D1D5*>9F5BC9DI?61=@9>1CB1J9< 
86B7<A:4A7<?8,E4AF98E8?4L4?4A6<A:<A&8GJBE>B7<A:EB4764FG
==1>?E9<(;5F1;9C1B<5D?>*>9F5BC9DI1>141?1>>9C!1=2141B9C1B<5D?>*>9F5BC9DI
1>141 
KC?B<G<A:+C4EF8B7<A:+?<7<A:/<A7BJA;4A68@8AGB94*4A7B@$<A84E&8GJBE>B7<A:
+6;8@8
%12<?1BB94?*>9F5BC9DI?61>D12B91(@19>1F94Y=5J*>9F5BC9414451>D12B91
(@19>?B75!1>J1*>9F5BC9DI?61>D12B91(@19>'1=Y>7^5B?*>9F5BC9DI?61>D12B91
(@19> 
&8GJBE>B7<A:
54F87BAG8AG<FGE<5HG<BA<A8??H?4E668FF&8GJBE>F
<1E49?91>4B9>?*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7J=9DBI <91J?F938*>9F5BC9DI?6
!EH5=2?EB7!EH5=2?EB7%1C31<?EFBI*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7<25BD
/?=1I1)85*>9F5BC9DI?6(I4>5IECDB1<91 
'A;4E46G8E<FG<684GHE8FB9G;8CC?<64G<BA$8I8?8?4L<FGE<5HG<BAB9,(BA:8FG<BA
IB<74A68
!^225>'1<6'?25BD?C38=25B=1>I"1B;EC94<5B!592>9J*>9F5BC9DOD1>>?F5B
5B=1>I 
644<51+);165"6$#-31)*131;@)5,6,-315/5;-9)+;1=-

$!+$<A>87+?BJ
+G4EG?:BE<G;@9BE%(,(
'E>11B9;*>9F5BC9DI?6$C<?#?BG1I"93815<,5<J<*>9F5BC9DI?6$C<?#?BG1I(9=?>5
5B<9>*>9F5BC9DI?6$C<?(9=E<1'5C51B38!12?B1D?BI#?BG1I$J7E<1I(9=E<1
'5C51B38!12?B1D?BI#?BG1I 
*8%(,($BJ$4G8A6L%H?G<C4G;,(
<5H1>45BB[==75>)*1B=CD14D5B=1>I)?291CB2C8OEC5B)*1B=CD14D
5B=1>I)?BCD5>/9==5B=1>>',)1385>*>9F5BC9DI5B=1>I <1EC,58B<5',)
1385>*>9F5BC9DI5B=1>I<5:1>4B?E38=1>>)538>9C385*>9F5BC9D1D1B=CD14D
5B=1>I 
BJDH<6><F)-!
%SD5B"57I5C9E41@5CD*>9F5BC9DI?6)538>?<?7I1>43?>?=93CE>71BI/C?<D BO=5B
E41@5CD*>9F5BC9DI?6)538>?<?7I1>43?>?=93CE>71BI(M>4?B"?<>MBE41@5CD
*>9F5BC9DI?6)538>?<?7I1>43?>?=93CE>71BI 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

#-:6<9+-)5)/-4-5;

 *E4C;
54F87 L5E<774CG<I8*BHG<A:9BEB:A<G<I8*47<B4F87<F4FG8E*8FCBAF8
&8GJBE>F
)8E1>#7?)?8?;E*>9F5BC9DI1@1>9B?;9#9C89I1=1)?8?;E*>9F5BC9DI1@1>#59 1D?
)?8?;E*>9F5BC9DI1@1>(1D?C89 ?D125#))1@1>9B?C89)?8:?#))1@1> 
'CG<@4???B64G<BAB9&BA
HA<9BE@?L(4EG<G<BA874A7J<7G;9BEB:A<G<I8B@@HA<64G<BAFHA78E
47<A:BA7<G<BAF
(?>7E1>7(?ED889>1*>9F5BC9DI?6)538>?<?7I% ' 89>1>D8?>I@8B5=945C
*>9F5BC9DI?6"1BI<1>41D?<<575%1B;*(9.E1>!9>;[@9>7*>9F5BC9DI(G545> 
)B
E<I8A*8FBHE68??B64G<BA%8G;B7BEB:A<G<I8*47<B&8GJBE>F
9>7I919#1>:9>7*>9F5BC9DI% ' 89>1(81?G59,1>7#1>:9>7*>9F5BC9DI% ' 89>1  
A8E:L
99<6<8AG*8FBHE68??B64G<BA<AB:A<G<I8B@@HA<64G<BAF4@8
,;8BE8G<64?
4A7%4G6;<A:CCEB46;
/85>IE/8?E#?BD889>1<53DB93%?G5B*>9F5BC9DI,1C541*>9F5BC9DI% ' 89>1
E961>7"1#?BD889>1<53DB93%?G5B*>9F5BC9DI% ' 89>185>-E#?BD889>1<53DB93
%?G5B*>9F5BC9DI% ' 89>1/85>781>7*>9F5BC9DI?6IFOC;I<O9><1>4)1@1>9
'9CD1>95=9*>9F5BC9DI?6IFOC;I<O9><1>4  

 %
644<51+);165:%0-69@

<3;173-++-::

*4A7B@668FF(EBGB6B?9BE%4FF<I8%!%'+GEBA:8FG
-F8EB??<F<BA*8FB?HG<BA+-*
=9<:[B>C?>!9>;[@9>7*>9F5BC9DI(G545><9C125D8451BF1<8?1<2?B7*>9F5BC9DI
5>=1B;B9; !1BCC?>!9>;[@9>7*>9F5BC9DI(G545>%5D1B%?@?FC;91<2?B7
*>9F5BC9DI5>=1B; 
B787+?BGG87$' +6;8@8F9BEE4FHE8;4AA8?F
/8E?(E>*>9F5BC9DI?6#5G(?ED8,1<5C ECDB1<91ECDB1<91.9HE1>-95*>9F5BC9DI?6#5G
(?ED8,1<5CECDB1<919>8?>7.E1>*>9F5BC9DI?6#5G(?ED8,1<5CECDB1<91)1?.1>7
*>9F5BC9DI?6)538>?<?7I(I4>5IECDB1<91  
)B+
E<I8A(BJ8EBAGEB?<A47<A:%H?G<C?8
668FF;4AA8?FJ<G;*4A7B@EE<I4?F
5<9&91?1CD89>1#?B=1<*>9F5BC9DI% ' 89>1"ECD161$J=5>(IB13EC5*>9F5BC9DI
*(" 5>;EBC?I(IB13EC5*>9F5BC9DI*( 
<FGE<5HG87BJA?<A>(BJ8EBAGEB?9BEG;8&BA
'EG;B:BA4?%H?G<C?8668FF+LFG8@J<G;,JB
!AG8E98E<A:8??F
.1BEE9DI*>9F5BC9DI?6?>7 ?>7?>7 ?>7.985>)8589>5C5*>9F5BC9DI?6?>7
?>7?>7 ?>789,1>(E>79DI*>9F5BC9DI?6?>7 ?>7?>7 ?>7 
,;8+8@4AG<6B@@HA<64G<BA4@8
1C1;E<5B)85%5>>CI<F1>91(D1D5*>9F5BC9DI*(I<9>.5>5B%5>>CI<F1>91(D1D5
*>9F5BC9DI*(>1>D8B1=(G1=9B=I'5C51B38!12 *( 

644<51+);165%0-69@5;-9)+;1=-

'AG;8EEBE(8E9BE@4A68BHA7B9'E78E87+G4G<FG<6F86B7<A:B9$<A84E?B6>B78F
%1G1>81;1<%?<9D53>93?49)?B9>?D1<I'?25BD?1B5<<?%?<9D53>93?49)?B9>?D1<I
(8B55 B9C8>1(81B=1*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7(I=5?>81DJ9>?D1C
*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7:[B>$DD5BCD5>*>9F5BC9DI?6!EH5=2?EB7
!EH5=2?EB7 
FG<@4G<BAB96;<8I45?8*4G8F<A77<G<I84HFF<4A%<KGHE8&B<F8;4AA8?F
E3>8!5*>9F5BC9DI?6;B?>*(E>7+E"39<<*>9F5BC9DI1>141#789)B1>
*>9F5BC9DI?6;B?>*(" 5>;EBC?I(IB13EC5*>9F5BC9DI*()8?!5#7?3"39<<
*>9F5BC9DI1>141 
8F<:AB9*4CGBEB78F<AG;8$BJ+&**8:<@8J<G;CC?<64G<BAF<A)H4AGH@#8L<FGE<5HG<BA
"18I1B(89BF1>9=?781441=*>9F5BC9DI?6#5G31CD<5ECDB1<91(1B18?8>C?>*>9F5BC9DI
?6#5G31CD<5ECDB1<91>4B5G!1>35&E9>D5CC5>35!12C%DI !D4 ECDB1<91 
4C46<GL
6;<8I<A:!G8E4G<I8$%%+8G86G<BA9BE%!%'
&'%+LFG8@F
!59!9E-9491>*>9F5BC9DI% ' 89>181E.E5>(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>4
5C97>(9>71@?B5.?>7!91>7E1>#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5.9>7!9
*>9F5BC9DI?6-9491>% ' 89>1 

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

5-9/@..1+1-5+@ 5;-9)+;1=-

*8FBHE68??B64G<BA9BE(;4AGB@8??H?4E&8GJBE>FA8E:L99<6<8A6LIF+C86GE4?99<6<8A6L
=B245<814I *()(1E49B1291$C1=1=9> 9>724E<<18*>9F5BC9DI?6(395>351>4
)538>?<?7I *()(1E49B1291"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6
(395>351>4)538>?<?7I *()(1E49B1291 
EBJ7(EBJ7FBHE6<A:E<I8A(BBE7<A4G<BA9BE!@CEBI<A:A8E:L99<6<8A6L<A/<E8?8FF
668FF&8GJBE>F
EB=1>81<<1>491>>CD9DED5?6)538>?<?7I 81B17@EB>491'1:1 1B=1;1B)538>?
>491?<<575?6)538>?<?7I>491(1>49@81;B12?BDI>491>>CD9DED5?6)538>?<?7I
81B17@EB>491(1=9B1>81DD?@148I1I141F@EB*>9F5BC9DI>491 
A8E:L99<6<8A6LB9;4AA8?FHA78E77<G<I84HFF<4A
%<KGHE8&B<F8<AG;8$BJ
(BJ8E*8:<@8
"?81==14'1>:21B*>9F5BC9DI?6;B?>*(#789)B1>*>9F5BC9DI?6;B?>*("
5>;EBC?I(IB13EC5*>9F5BC9DI*(1=94'5J118B1=9)85*>9F5BC9DI?6;B?>
*( 
A8E:L99<6<8AG*8FBHE68??B64G<BA9BE+86HE8'%*8?4L+LFG8@FJ<G;4I8F7EBCC8E
/85>781>7*>9F5BC9DI?6IFOC;I<O9><1>4-9>?E.1>C81>*>9F5BC9DI% ' 89>1
-9:E1>E?.1>(81>*>9F5BC9DI% ' 89>1)1@1>9'9CD1>95=9*>9F5BC9DI?6IFOC;I<O
9><1>4 
 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

)+015/)5, ..36),15/

'A'CG<@4? BGFCBG+8?86G<BA4A7'99?B47<A:
+1>41>1"9DD1<)5<89>491(1>:9D 1E<)5<89>491(E=9D'?I*>9F5BC9DI?6
,1C89>7D?>*( 
BAG8AG46;<A:4GG;8/<E8?8FF&8GJBE>7:8<FGE<5HG87?:BE<G;@I<48?<89(EBC4:4G<BA
E1>!9E *()% ' 89>1?19)C9>78E1*>9F5BC9DI% ' 89>1E>/81>7)85?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 81<54 !5D1956)85?>7 ?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7  
'CG<@4?46;<A:,<@89BEC<78@<6BAG8AG<FF8@<A4G<BA<A%B5<?8+B6<4?&8GJBE>F
C91>7CE#1D9?>1<)19G1>*>9F5BC9DI)19G1> G1>785>785>#1D9?>1<)19G1>
*>9F5BC9DI)19G1> 
<FGE<5HG87?:BE<G;@9BEA8E:L99<6<8AG%H?G<
BCB@CHG4G<BA'99?B47<A:
ECC59><(81DB9)*1B=CD14D5B=1>I(12B9>1"^<<5B)538>9C385*>9F5BC9DOD
1B=CD14D5B=1>I>:1 <59>)*1B=CD14D5B=1>I  
'CG<@4?46;<A:9BE(EB7H68E%B5<?<GL+HCCBEG<A&4@874G4&8GJBE>F
5C81=1B181D&E55>C*>9F5BC9DI1>141?CC1=( 1CC1>59>&E55>C*>9F5BC9DI
1>141  

6%)5, 

$<:;GJ8<:;GAB@4?L8G86G<BA,86;A<DH89BE$BJ
*8FBHE68!B,8I<68F4@8
,;8BE8G<6
%8G;B7B?B:L
9385=(54:5<=139*>9F5BC9DI?6?EB7?7>5'+!12B1>35(949"?81==54(5>?E39
*>9F5BC9DI?6?EB7?7>5()#5F5BCB1>35"?81=14<18B9*>9F5BC9DI?6?EB7?7>5
>CD9DED5?6ED?=?D9F51>4)B1>C@?BD>79>55B9>7()B1>35  
::E8:4G<A:8??H?4EB@@HA<64G<BA$<A8F9BE!B,8I<68F5L+;4E<A:!%+!
"1>12ED?#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4?==E>931D9?>C)538>?<?7I1@1>
#?J?=E#9C89>171#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4?==E>931D9?>C)538>?<?7I
1@1>.?C89>?B9 9D1DCE:9 '!12?B1D?B95C>3 1@1>"1C1IE;9"EB1D1$C1;1
*>9F5BC9DI1@1> 
'CG<@<FG<6*09BE%46;<A8
GLC8B@@HA<64G<BAF
E9!9>781>7#1D9?>1<85>7 E>7*>9F5BC9DI)19G1>(81>7!9>!E#1D9?>1<85>7
E>7*>9F5BC9DI)19G1>)CE>7E98E1>7#1D9?>1<85>7 E>7*>9F5BC9DI)19G1>
891.9>7!9>#1D9?>1<85>7 E>7*>9F5BC9DI)19G1>"5>7CE>)C19#1D9?>1<85>7
E>7*>9F5BC9DI)19G1>(?;1>(?E#1D9?>1<85>7 E>7*>9F5BC9DI)19G1> 
(8E9BE@4A68A4?LF<FB9668FF?4FF4EE<A:9BE 4A7?<A:%4FF<I8%%,E499<6<A$,

&8GJBE>F
CB15<!5IF1"1I?B71*>9F5BC9D1D%?<9DT3>93145+1<T>391(@19>!E9C)5<<?$AE5>4?
*>9F5BC9D1D%?<9D53>93145+1<5>391(@19>+935>D%<1*>9F5BC9D1D%?<9D53>93145+1<5>391
(@19>?B75"1BD9>5J1EC5D*>9F5BC9414%?<9DS3>93145+1<5>391(@19>+935>D51C1B5C
9>5B*>9F5BC9414%?<9DS3>93145+1<5>391(@19> 
'A* (E84@5?8F+8C4E4G<BA8GJ88A H@4A4A7%46;<A8,LC8B@@HA<64G<BA
91><E31?449C)5<53?=D1<91D1<I'?C1B9? 1BB?@@?*>9F5BC9DI?6%9C1D1<I
(D561>?9?B41>?*>9F5BC9DI?6%9C1D1<IB57?B9?%B?39CC9*>9F5BC9DI?6%9C1D1<I
(9=?>5'?=1*>9F5BC9DI?6%9C1)5<53?=D1<91D1<I(9=?>5)?@1JJ9)5<53?=D1<91!12
D1<I 
 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

<;<9-5;-95-;)5,-?;/-5-9);165-;>69215/9+01;-+;<9-:

"B<AG%<77?8BK+8?86G<BA4A7*BHG<A:9BE+B9GJ4E8
89<A87&8GJBE><A:
E1G59E1>7)85*>9F5BC9DI?69JE1@1>(?>7E?)85*>9F5BC9DI?69JE1@1>
9>C?>7,E*>9F5BC94144589<589<595!9*>9F5BC9DI?6)CE;E211@1> 
<FGE<5HG87FFB6<4G<BABAGEB?4A7*8?4L<A:<A%<??<@8G8E/4I8/<E8?8FF&8GJBE>F
.EJ85-E )'?I1<>CD9DED5?6)538>?<?7I(G545>5?B75D81>1C9?E(#)*
B55351B<?9C389?>5 )(G545>!51>4B?C)1CC9E<1C.1<5*>9F5BC9DI*( 
BA:8FG<BABAGEB?<AG;8*86HEF<I8!AG8E&8GJBE><A:E6;<G86GHE8*!&
%5I=1>)5I=??B9*>9F5BC9DI?6$C<?#?BG1I"93815<,5<J<*>9F5BC9DI?6$C<?#?BG1I
(D59>:5CC9>7*>9F5BC9DI?6$C<?(9=E<1'5C51B38!12 #?BG1I4E1B4B1C1E>4139Y
9 )>D5B>5D9>>?F139Y979D1<11D1<E>I1(@19>'?25BD?'9779?B51D5#5DD1<I
5G9>'1EC38')#)D1<I?=5>93?(9B13EC1')#)D1<I 
BI8E4:8A4?LF<FB9 8G8EB:8A8BHF8??H?4E&8GJBE>F<A-E54AE84F
9>.1>7E1J8?>7*>9F5BC9DI?6(395>35)538>?<?7I% ' 89>1E?A91>7"1?)85
*>9F5BC9DI?6)538>?<?7I(I4>5IECDB1<915-91?8EE1J8?>7*>9F5BC9DI?6(395>35
)538>?<?7I% ' 89>1C91?G185>#1D9?>1<85>7 E>7*>9F5BC9DI)19G1>)1?1>
E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1-E5659/81>759:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 
99<6<8AG
(?468@8AGB94A8E<4?4F8+G4G<BA<A&8KG8A8E4G<BA8??H?4E&8GJBE>F
B5=?B.1<9>9J1B<5D?>*>9F5BC9DI1>141=B< 5I91B<5D?>*>9F5BC9DI1>141
1<9=.1>9;?=5B?7<E1B<5D?>*>9F5BC9DI1>141 

  $
 7;1+)3-;>692:)5,$@:;-4:

'1:1*3-1/0;)5, 7;1+)3(19-3-::644<51+);165:

8A8E4?<M87$!A78K%B7H?4G<BA'CG<64?'%9BE%!%'.<F<5?8$<:;GB@@HA<64G<BAF
+LFG8@F
BDE7BE<1C1BCD1>2E<)538>931<*>9F5BC9DI)EB;5IB41<%1>1I9B39 149B1C*>9F5BC9DI
)EB;5I"EB1D*IC1<$JI579>*>9F5BC9DI)EB;5I1B1<411C)85*>9F5BC9DI?649>2EB78
*>9D54 9>74?= 
E4@8E
*4BBHA79BE!A7BBE.<F<5?8$<:;G(BF<G<BA<A:-F<A:4AC8EGHE8
4F87A:H?4E

<I8EF<GL*868<I8E
5949(D55>41=85>D*>9F5BC9DI5<79E=)8?=1C,1>7"?>1C8*>9F5BC9DIECDB1<91
51>B=CDB?>7"?>1C8*>9F5BC9DIECDB1<91 
HMML$B:<64F87LA4@<6 4A7BI8E+6;8@89BE!A7BBE$<
<4A7* L5E<7&8GJBE>
.E><E,1>7)85*>9F5BC9DI?649>2EB78*>9D54 9>74?=-9@9>7,E)85*>9F5BC9DI?6
49>2EB78*>9D54 9>74?=1B1<411C)85*>9F5BC9DI?649>2EB78*>9D54 9>74?=
&BI8?+C86GE4?99<6<8AG'%9BE'CG<64?/<E8?8FFB@@HA<64G<BA
'E9E1>(?ED851CD*>9F5BC9DI% ' 89>1#E?E1>7(?ED851CD*>9F5BC9DI% ' 89>1
?EIE,1>7(?ED851CD*>9F5BC9DI% ' 89>19>.E1>,1>7#1>:9>7*>9F5BC9DI?6%?CDC
1>4)5<53?==E>931D9?>C% ' 89>1"9>785>(?ED851CD*>9F5BC9DI% ' 89>1 
)B+
J4E8"B<AG(BJ8E??B64G<BAF4A7*8?4L+8?86G<BA9BE&$'+B;8E8AG'CG<64?/<E8?8FF
B@@HA<64G<BAF
"4 /?8521CC1>(38??<?6>79>55B9>7*>9F5BC9DI?6B9D9C8?<E=2911>141+93D?B
 " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141"4 181>79B?CC19>*>9F5BCD9I?6
B9D9C8?<E=291$;1>171>1>141E<91>85>7*>9F5BC9DI?6B9D9C8?<E=2911>141 
 $ $
$);)$;69)/-

1:;91*<;-,);)$;69)/-5;-9)+;1=-

!EE8:H?4E?4G0'*B78F9BE*87H6<A:*8C4<E4A7J<7G;B9%H?G<
(B<AG<FGE<5HG87+GBE4:8
+LFG8@F
.E9.?C8941#))1@1>)1;1IE;9#1;1389#))1@1>19CE;5(89B19#))#5DG?B;
>>?F1D9?>!12?B1D?B95C1@1>)1DCEI1E:99#))#5DG?B;>>?F1D9?>!12?B1D?B95C1@1>
%+4<G@4C!A78KA6B7<A:?:BE<G;@9BE4FG4G4*8GE<8I4?
.E81?,5>E;5*>9F5BC9DI*(1>,1>7)C9>78E1*>9F5BC9DI% ' 89>1/85>85>
)C9>78E1*>9F5BC9DI'5C51B38>CD9DED5?6>6?B=1D9?>)538>?<?7I1>4)C9>78E1#1D9?>1<
!126?B>6?B=1D9?>(395>351>4)538>?<?795C% ' 89>1E>G591?)C9>78E1*>9F5BC9DI
% ' 89>1E?4?>7%5>7)C9>78E1*>9F5BC9DI% ' 89>1,5><91>7E1>789>1
*>93?=% ' 89>1/9G59E(D1D5B94(=1BDB94'5C51B38>CD9DED5% ' 89>19>7
/8?E(D1D5B94(=1BDB94'5C51B38>CD9DED5% ' 89>19>78?>7E?(D1D5B94(=1BD
B94'5C51B38>CD9DED5% ' 89>1 
B@CBF<G8KG8AF<BA<A<G8<8?7F9BE<FGE<5HG87+GBE4:8E4FHE8B7<A:
1>EC5945(D59>GEB65>=1B; 
KGE8@4?E4C;<6%B78?<A'CG<@<M<A:E46G<BA4?*8C8G<G<BAB78F9BE99<6<8AG+GBE4:8*8C4<E
E1>7@9>7-E)91>:9>*>9F5BC9DI?6)538>?<?7I% ' 89>1&E>61>7"1?)91>:9>*>9F5BC9DI
?6)538>?<?7I% ' 89>1(85>7!9>)91>:9>*>9F5BC9DI?6)538>?<?7I% ' 89>1 19(89
)91>:9>*>9F5BC9DI?6)538>?<?7I% ' 89>1E1/81>7)91>:9>*>9F5BC9DI?6)538>?<?7I
% ' 89>1 

 $%
$-)3;0

-)3;05;-9)+;1=-

(8EFBA4? 84?G;*86BE7F4F+BHE68FB9(EB7H6G<I<GLI<78A68
"185C85B>1>4?&E55>C<1>4*>9F5BC9DI?6)538>?<?7IECDB1<91)?>I'(181=1
&E55>C<1>4*>9F5BC9DI?6)538>?<?7I"((((>3(ECDB1<91?<9>
9475&E55>C<1>4*>9F5BC9DI?6)538>?<?7IECDB1<91 5G171=175*>9F5BC9DI?6
?<?=2?(B9!1>;1 
?<A<64?86<F<BA+HCCBEG9BE?M;8<@8EF<F84F854F87BA88C$84EA<A:4A7E4<A&8GJBE>
85>8E9E1BF1B4*>9F5BC9DI*('?>78E9EE1J8?>7*>9F5BC9DI?6(395>351>4
)538>?<?7I% ' 89>1.EC?>7(85>'935*>9F5BC9DI*(%1>/8?EE1J8?>7*>9F5BC9DI
?6(395>351>4)538>?<?7I% ' 89>1&E1>J85>7!9"1CC138EC5DDC5>5B1<?C@9D1<1>4
1BF1B4"54931<(38??<*( 
.<F<BA
4F87+LFG8@GB8G86G(BG;B?8F4A7-A8I8A+HE9468F9BEFF<FG<A:?<A7(8BC?8
B1F9>41( '1?)85*>9F5BC9DI?6"5<2?EB>5ECDB1<911I1F1B481>1E229)1D1
?>CE<D1>3I(5BF935C>>?F1D9?>!12C>491"1B9=ED8E%1<1>9CG1=9*>9F5BC9DI?6
"5<2?EB>5ECDB1<91<19>5,?>7)85*>9F5BC9DI?6"5<2?EB>5ECDB1<91 

 $6%
$5;-95-;6.%015/:

$-+<91;@)5,%9<:;156%

4@8,;8BE8G<6%B78?9BEA45?<A: BA8LCBGF<A!B,&8GJBE>F
!1&E1>7EI(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5)?>I& ( &E5;
(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B55=9>!55(9>71@?B5*>9F5BC9DI
?6)538>?<?7I1>45C97>(*)(9>71@?B5 
,EHFG%B78?9BE4G4+;4E<A:<A+@4EG<G<8F
&EI5D 1?)5<53?=(E4%1B9C$B1>75!12CB1>35=B1> 81>(38>5945B<53DB93
>4ECDB95C((B1>35'5J11B1821;8C8>CD9DED"9>5C)5<53?=)5<53?=(E4%1B9C
B1>359II1B@EB1="148ECE41>$B1>75!12CB1>35IE"I?E>7!55!9F5B@??<?8>
"??B5C*>9F5BC9DI*>9D54 9>74?=#?5<B5C@9>CD9DED"9>5C)S<S3?=)S<S3?=(E4%1B9C
B1>35 
)H4AG<9L<A:,EHFG*8?4G<BAF;<CF54F87BA*84?
/BE?7+B6<4?!AG8E46G<BAF
#9;<1C%1<17891C*>9F5BC9DI?6(EBB5I*>9D54 9>74?=#9;?C!?E=9C*>9F5BC9DI?6(EBB5I
E9<46?B4*>9D54 9>74?=(DI<91>?C5?B7?E<1C*>9F5BC9DI?6(EBB5I13E<DI?6
>79>55B9>71>4%8IC931<(395>35C*>9D54 9>74?= <1EC"?5CC>5B*>9F5BC9DI?6(EBB5I
*>9D54 9>74?= 
B??45BE4G<I8#(
9BE?BH7
4F87!AG8EA8GB9,;<A:FCC?<64G<BAF
!I5C)?E1D9*>9F5BC9DI?6)538>?<?7I?6?=@9T7>5*)B1>35.139>581<<1<
*>9F5BC9DI?6)538>?<?7I?6?=@957>55E491CI3<12 *"'#'(B1>35 
+@4EG +86HE84A7+84@?8FF668FFBAGEB?+6;8@89BE%B5<?88I<68F
.?71381>4B1>'18E<1=1D81F1>9DI*>9F5BC9DI!?>4?>*>9D54 9>74?="EDDE;B9C8>1>
'1:1B1:1>9DI*>9F5BC9DI!?>4?>*>9D54 9>74?='1@815< , %81>"E<D9=5491
*>9F5BC9DI"1<1IC91 

 $$$
$$);-331;-)5,$7)+-644<51+);165:

)5)/-4-5;

8A8G<6!AFC<E87+6;87H?<A:?:BE<G;@9BEB:A<G<I8+4G8??<G8+LFG8@F
+9>35>J?3?<1B9*>9F5BC9DI?6?<?7>1D1<I1>95<5)1B389*>9F5BC9DI?6?<?7>1D1<I
<5CC1>4B?E94?DD9*>9F5BC9DI?6?<?7>1D1<I<5CC1>4B?+1>5<<9?B1<<9*>9F5BC9DI?6
?<?7>1D1<I 
(BJ8E4A7*4G8??B64G<BA<AB:A<G<I8+4G8??<G8-C?<A>&8GJBE>F
F1!17E>1C*>9F5BC9DI?6!EH5=2EB7(>)!EH5=2?EB7(9>1"1<5;9*>9F5BC9DI?6
!EH5=2?EB7!EH5=2?EB7(I=5?>81DJ9>?D1C*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7
"?:D121(?<D1>1<91>*>9F5BC9DI?6<<9>?9C1D89317?*(>1%SB5J#59B1))(@19>
:[B>$DD5BCD5>*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7
'AG;8E:B7<64C46<GLB9%H?G<C?8AG8AA4B:A<G<I8+4G8??<G8,8EE8FGE<4?&8GJBE>F
1>7>?<<575?6?==E>931D9?>C>79>55B9>7%!*>9F5BC9DI?6(395>351>4)538>?<?7I
% ' 89>1"9>!9>#1>:9>7>CD9DED5?6)5<53?==E>931D9?>)538>?<?7I% ' 89>1)1?
!91>7#1>:9>7)5<53?==E>931D9?>)538>?<?7I>CD9DED5% ' 89>191>$EI1>7#1>:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C?>3?B491*>9F5BC9DI% ' 89>1,59%9>7
/8E?>3?B491*>9F5BC9DI1>141 
AABAL@BHF<FGE<5HG87#8L%4A4:8@8AG+LFG8@4F87BA$
(#9BE+C468!A9BE@4G<BA
&8GJBE>
.E385>!9E(81>781991?)?>7*>9F5BC9DI% ' 89>19H9>/81>7(81>781991?)?>7
*>9F5BC9DI% ' 89>191>8E1!9(81>781991?)?>7*>9F5BC9DI% ' 89>1E>,E
(81>781991?)?>7*>9F5BC9DI% ' 89>1
,E478
B9958GJ88AFC86GE4?899<6<8A6L<A6E84F84A7((*E87H6G<BAJ;8AHF<A:,&+<:A4?<A:
<@C46GB9ABA?<A84E<G<8F
51><19>!E3391B49*>9F5BC9DI?6)?E<?EC5')(19>DHE@5BIB1>35#1D81<95)8?=1C
*>9F5BC9DI?6)?E<?EC5B1>35"1B95!1EB5?E385B5D*>9F5BC9DI?6)?E<?EC5')
>C5598DB1>3581B<I%?E<<91D#%#())?E<?EC5B1>359<<5C"5C>175B')(D
HE@5BIB1>35 
 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

13314-;-9>)=-644<51+);165:

%4K
%<A L5E<7(E86B7<A:<A%<??<@8G8E/4I8BBC8E4G<I8%!+'+LFG8@F
81>7(85>!553145=91(9>931)19G1>,59?8E>73145=91(9>931)19G1> 
L5E<7%%+(E86B7<A:9BE@@/4I8%H?G<HF8E%!%'+LFG8@F
EI # #7EI5>*>9F5BC9DI?6)5H1CECD9>*(!?>71?!5#'(*>9F5BC9DI?6
&E52531>141)8?!5#7?3"39<<*>9F5BC9DI1>141 
L5E<784@9BE@<A:8F<:A9BE%<??<@8G8E
/4I8%H?G<
-F8E%4FF<I8%!%'BJA?<A>
/8541!9*>9F5BC9DI?6(?ED85B>1<96?B>91*((85>7A91>1>5981>7*>9F5BC9DI% '
89>1>4B51C"?<9C38*>9F5BC9DI?6(?ED85B>1<96?B>91*( 
A45?<A:$BJ
*8FB?HG<BAJ<G; <:;
'E78E%B7H?4G<BAF9BE%<??<@8G8E
/4I8+LFG8@F
*=ED*7EB<E1<D?*>9F5BC9DI9><1>4'9CD?,938=1>1<D?*>9F5BC9DI(38??<?6<53DB931<
>79>55B9>79><1>4 
EBFF
$4L8EA8E:L
99<6<8A6L'CG<@<M4G<BA9BE%H?G<HF8EH??
HC?8K86B78
4A7
BEJ4E7
!A7BBE*8?4L&8GJBE>F4G  M
/8?>7H91>7,59*>9F5BC9DI?6!9F5B@??<(38??<?61>4(*>9D54 9>74?=-E/8E
*>9F5BC9DI?6!9F5B@??<*>9D54 9>74?=(E=59(E>>CD9DED56?B>6?3?=='5C51B38
(9>71@?B5.9E1>7*>9F5BC9DI?6!9F5B@??<*>9D54 9>74?=19!9>$C1;1%B5653DEB5
*>9F5BC9DI1@1> 

 ($
(19-3-::644<51+);165:$@476:1<4

 

$<A8
B9
+<:;G4F87+G4G<FG<64?84@9BE@<A:9BEBJA?<A>%4FF<I8%!%'+LFG8@F
-91?!9(?ED851CD*>9F5BC9DI% ' 89>1(899>(?ED851CD*>9F5BC9DI% ' 89>19=1<
(EB1G55B1*>9F5BC9DI?6%5B145>9I1(B9!1>;1-9A91?(?ED851CD*>9F5BC9DI% ' 89>1 
,;8(8E9BE@4A68B9/<E8?8FF(BJ8E87%!%'*8?4L<A:+LFG8@FJ<G;A8E:L84@9BE@<A:
8=54"<=B149)85*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?= 819B9 1=49
*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?= 
(8E9BE@4A684A7A4?LF<FB9BJA?<A>%H?G<HF8E%!%'+LFG8@F/<G;*8:H?4E<M8728EB
BE6<A:
(E86B7<A:<A*<684A47<A:;4AA8?F
1BC8)1D1B91+93D?B91*>9F5BC9DI?6,5<<9>7D?>#5G/51<1>4%5D5B(=9D8+93D?B91
*>9F5BC9DI?6,5<<9>7D?>#5G/51<1>4!1BBI B55>CD59>'ED75BC*>9F5BC9DI*(%1G5<
 =?38?GC;9+93D?B91*>9F5BC9DI?6,5<<9>7D?>#5G/51<1>4"1>C??B(8169(@1B;#5G
/51<1>4!D4+93D?B91*>9F5BC9DI,5<<9>7D?>#5G/51<1>4 
!AG8E98E8A68?<:A@8AG4A7(BJ8E??B64G<BA9BE%H?G<
-F8E%!%'!AG8E98E8A68;4AA8?F
5B594?E> %1>189 59?*>9F5BC9DI1@1>)?=?1;9$8DCE;9 59?*>9F5BC9DI1@1>
,5>:9591>7#))#5DG?B;>>?F1D9?>!12?B1D?B95C1@1>.1CEC89)1;1D?B9#))#5DG?B;
>>?F1D9?>!12?B1D?B95C1@1> 1JE89B?*581B1#))1@1> 

/<7854A7%H?G<
BA9B64???<CFB<7%B78?9BE/<E8?8FF%!%'B@@HA<64G<BA;4AA8?F
!E19(81>74?>7*>9F5BC9DI% ' 89>185>7H91>7,1>75B9?D,1DD*>9F5BC9DI*>9D54
9>74?=(81>729>,E(1=CE>7'>CD9DED5* *>9D54 9>74?=1?G5>,1>7
(81>7819'5C51B385>D5B6?B,9B5<5CC?==E>931D9?>C% ' 89>1.1>7.1>7(81>7819
'5C5B1385>D5B6?B,9B5<5CC?==E>931D9?>% ' 89>1 
-=1+-;6-=1+-644<51+);165:

%B78?<A:-C?<A>BI8E4:84A7*4G8J<G;::E8:4G<BA<A%46;<A8
GB
%46;<A8B@@HA<64G<BA
&8GJBE>F
5BI1"1<1;)85*>9F5BC9DI?6)5H1C1DECD9>*(1B@B55D(89<<?>+9B79>91)538
*(566B5I>4B5GC)85*>9F5BC9DI?6)5H1C1DECD9>*( 
-F8E668FF%B78+8?86G<BA<AB:B@CHG<A:4F87*47<B668FF&8GJBE>F
(89.1>59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1"E75>%5>7
59:9>7*>9F5BC9DI?6@?CDC)5<53?==E>931D9?>C% ' 89>1,5>2?,1>759:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 
!AG8E98E8A68
<AF8AF<G<I8+LA6;EBA<M4G<BA9BE%+#<A,E4AF@<G
BA?L/<E8?8FF+8AFBE&8GJBE>F
&9?>7:95!9>5?B791>CD9DED5?6)538>?<?7I*("1BI>>,59D>1E5B5?B791)538
*((1:9D8"?81>5?B791>CD9DED5?6)538>?<?7I*( 
8I<68
GB
8I<68B@@HA<64G<BA<A8??H?4E&8GJBE>FHA78E+G4G<FG<64?)H8H8<A:BAFGE4<AGF
.9!9(IB13EC5*>9F5BC9DI*(" 5>;EBC?I(IB13EC5*>9F5BC9DI*((5>5=
+5<9@1C1<1B(IB13EC5*>9F5BC9DI*( 
>
?BF8FGBI8E4:8(EB545<?<GL4A7E84+C86GE4?99<6<8A6L<A?HFG8E87&8GJBE>F
"58B>1J6C81>7+9B979>1)538*(1B@B55D(89<<?>+9B79>91)538*(%5D5B1>??
8?>7E3;<1>4*>9F5BC9DI?6)538>?<?7I#5G/51<1>4

667-9);1=--;>692:)5,#-3)@15/644<51+);165:

(BJ8E+C?<GG<A:4A7*8?4L'CG<@<M4G<BA9BE,JB
J4L*8?4L+/!(,+LFG8@F
'E9HE5E)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7)1D" !?;)8589>5C5
*>9F5BC9DI?6?>7 ?>7?>7 ?>7 
A8E:L99<6<8AG8F<:A9BE&BA
'EG;B:BA4?*8?4L<A:<A-A78E?4L+C86GEH@+;4E<A:
&8GJBE>F
"18=?E4<C1141>I?>3?B491*>9F5BC9DI1>141,1<111=?E41?>3?B491*>9F5BC9DI
1>141 
;4AA8?%B78??<A:B9%B?86H?4EB@@HA<64G<BAF6EBFF?BB7.8FF8?F4A7&8EI8F
%5>75*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1.E=9>7"1?
(% ' 89>1&91>7!9E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% '
89>1%95DB?!9?0*>9F5BC9DI?61=2B9475*>9D54 9>74?= E>.1>7*>9F5BC9DI?6
CC5H*>9D54 9>74?= 
/<E8?8FF
(BJ8E87BBC8E4G<I8B@@HA<64G<BAFJ<G;H998E
4<787*8?4L
(85>7!E?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5 1881>)58#1>I1>7
)538>?<?7931<*>9F5BC9DI(9>71@?B5,59,1>7#1>I1>7)538>?<?7931<*>9F5BC9DI
(9>71@?B5 
*8?4L<A:<A-A78E?4L+C86GEH@
+;4E<A:+LFG8@FJ<G;'HG74G87+!
E<5C"5B<9>"?E1D38?"?E1<5E*>9F5BC9DI?6D85,9DG1D5BCB1>4(?ED86B931,1<11
1=?E41?>3?B491*>9F5BC9DI1>1411=29B19)1;1G9B1*>9F5BC9DI?6D85
,9DG1D5BCB1>4(?ED86B931 

5-9/@)9=-:;15/

%H?G<
*8?4L+8?86G<BA+6;8@89BE,<@8+J<G6;<A:A8E:L 4EI8FG<A:,JB
/4L*8?4L<A:
+LFG8@F
1;9=81JJ19&1D1B"?29<9DI>>?F1D9?>C5>D5B&"&1D1B8=14<C81B?1?G1
(D1D5*>9F5BC9DI*(8=54  1=1<?G1(D1D5*>9F5BC9DI*(24E<<18 14B9&1D1B
"?29<9DI>>?F1D9?>C5>D5B&1D1B 
4EI8FG<A:H??
HC?8K*4G84<AF<A8??H?4E&8GJBE>FJ<G; 4?9
HC?8K-F8E,8E@<A4?F
8=14"<==?EB9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I(1E49B1291
5C81=<(1GI 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49B1291
"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B1291 
+C4EF884@9BE@<A:9BE*84?
G<@8A8E:L,E47<A:<AB%(
+/!(,&8GJBE>F
,1>#EB(EBI1>99BEJ,1>B9669> 9>7C?<<575!?>4?>*>9D54 9>74?=-9>BE?/81>7
 9>7C?<<575!?>4?>*>9D54 9>74?="?81==14'5J1#1;819 9>7C?<<575!?>4?>
*>9D54 9>74?= 
'CG<@4?8F<:AB9&BA
'EG;B:BA4?%H?G<C?8668FFJ<G;/<E8?8FF(BJ8E,E4AF98E
%1>179?D9C 91=1>D?E<1;9CB9CD?D<5*>9F5BC9DI?6)85CC1<?>9;9B5535 ?B1<91# %1@@9
B9CD?D<5*>9F5BC9DI?6)85CC1<?>9;9B5535/897E?9>7!1>31CD5B*>9F5BC9DI*>9D54
9>74?=5?B75  1B1791>>949CB9CD?D<5*>9F5BC9DI?6)85CC1<?>9;9B5535 
,E478
B99F<AA4?B:+8AF<A:4A7B@@HA<64G<BA<A*A8E:L 4EI8FG<A:/<E8?8FF+8AFBE
&8GJBE>F
" % %B1F55>>491>>CD9DED5?6(395>35>491#55<5C8 "58D1>491>>CD9DED5?6
(395>35>491 

-);<9-,(19-3-::644<51+);165:#)5,&'5;-9)+;1=-

*BHG<A:%B5<?84G4BHE<8EF<A+@4EG
6<G<8F
149" <)EB:=1>"944<51CD)538>931<*>9F5BC9DI#)EB;5I"58=5D 1B1;?3
;45>9J*>9F5BC9DI)EB;5I"5<98E>1I;45>9J*>9F5BC9DI)EB;5I2?5<=174#?EB5<49>
'"1>1411>141 
,E4AF@<G'CG<@<M4G<BA9BE+86HE8%!%'*!/<E8?8FFB@@HA<64G<BA
&91>.1>7-91>91?D?>7*>9F5BC9DI% ' 89>1.9/81>7-91>91?D?>7*>F95BC9DI3?<5
5>DB1<545#1>D5C% ' 89>1E9"9>7,1>7-91>91?D?>7*>9F5BC9DI% ' 89>1/8E
1>*>9F5BC9DI?6?ECD?>*( 
'CG<@4?,E4AFCBEG,;8BEL9BE(BJ8E
99<6<8AG8C?BL@8AGB9-A@4AA878E<4?.8;<6?8F
"?81==14"?J1661B9+9B79>91)538*(,1<94(114+9B79>91)538*("58495>>9C
5>DB5?6,9B5<5CC?==E>931D9?>C*>9F5BC9DI?6$E<E9><1>4"SB?E1>552218
E1G59B1>35 

 $
,06+)5,$-5:69-;>69215/$@476:1<4

6+)31A);165%9)+215/)5,6*131;@

%!$%B5<?8!A7BBE$B64?<M4G<BA+6;8@84F87BA%4GE<KB@C?8G<BA
9585>7*>9F5BC9DI?6%B9>354G1B4C<1>41>141/5A9(?>71B29>>CD9DED5?6
)538>?<?7I(85>J85>B14E1D5(38??<% ' 89>1&91>7.5*>9F5BC9DI?6%B9>354G1B4
C<1>41>141?>7G59E1B29>>CD9DED5?6)538>?<?7I(85>J85>B14E1D5(38??<
% ' 89>1 
66HE4G8!A7BBE$B64?<M4G<BAJ<G;EBJ7+8AF<A:
.9>7I9>7E?59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.1>(E>
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.1D1?!959:9>7*>9F5BC9DI
?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1)9>.E,E#1D9?>1<<1>*>9F5BC9DI)19G1>
"?81==14( $21941D?B481=*>9F5BC9DI*( 
$BJ
BI8E;847*4A:8
54F87$B64?<M4G<BA,86;A<DH89BE-A78EJ4G8E+8AFBE&8GJBE>F
"4.ECE6(1BG1B*449>1>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I1>7<145C8  
<FGE<5HG87.8;<6?8+8?86G<BA9BE&BA
*4A:84F87BBC8E4G<I8(BF<G<BA<A:<A-E54A
AI<EBA@8AGF
>1C"18=?E4&E55>C*>9F5BC9DI1>1412?5<=174#?EB5<49>'"1>1411>141
?CC1=( 1CC1>59>&E55>C*>9F5BC9DI1>141  
(BJ8E??B64G<BA<AFLA6;EBABHF$B64G<BA
4J4E8+8AFBE&8GJBE>F
91H91>7!91B29>>CD9DED5?6)538>?<?7I(85>J85>B14E1D5(38??<% ' 89>1)9>7D9>7
/81>71B29>>CD9DED5?6)538>?<?7I(85>J85>B14E1D5(38??<% ' 89>1>4B51C
"?<9C38*>9F5BC9DI?6(?ED85B>1<96?B>91*(&9>IE/81>7(85>J85>B14E1D5(38??<
1B29>>CD9DED5?6)538>?<?7I% ' 89>1 

$-+<91;@)5,!91=)+@

'AG;8+86HE<GL*8:<BAB98FG+BHE68!A7<68F<A*4A7B@/<E8?8FF&8GJBE>F
(1DI1>1B1I1>1+E@@1<1*>9F5BC9DI?649>2EB78*>9D54 9>74?=(E49@9CG1C*>9F5BC9DI
?649>2EB78*>9D54 9>74?=)81B=1<9>71='1D>1B1:18)85*>9F5BC9DI?649>2EB78
*>9D54 9>74?="1D89>9(5<<1D8EB195B9?D,1DD*>9F5BC9DI*>9D54 9>74?=  
*8?4L+8?86G<BA9BEA;4A6<A:/<E8?8FF+86HE<GL
*8?<45<?<GL,E478B99<AG;8(E8F8A68B9;4AA8?
FG<@4G<BAEEBEF
-91?:9>9>7(?ED851CD*>9F5BC9DI% ' 89>1)95385>7(?>7#1D9?>1<"?29<5
?==E>931D9?>C'5C51B38!12?B1D?BI(?ED851CD*>9F5BC9DI% ' 89>1.E<?>7/?E
#1>:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1-91?C8E85>*>9F5BC9DI
?6(?ED851CD% ' 89>1 
+86HE<GL )B+
J4E8*BHG8+8?86G<BA<A%H?G<
;BC/<E8?8FF7 B6&8GJBE>F
.1>7-E-9491>*>9F5BC9DI% ' 89>191!9EEDEB5*>9F5BC9DI1;?41D51@1>.E<?>7
(85>-9491>*>9F5BC9DI% ' 89>1-91?8?>791>7EDEB5*>9F5BC9DI1;?41D51@1>
)1B9;)1<521<D?*>9F5BC9DI9><1>4 
%H?G<
B5=86G<I8BCG<@<M4G<BA9BE+86HE<GL4A7)B+474CG4G<BA<A/<E8?8FF+8AFBE&8GJBE>F
245BB5J1;'138549*>9F5BC9DI%1B9CCD"1B>5<1+1<<S5B1>35245BB189=5>C<9=1>5
B5>38*>9F5BC9DI9>7I@D5>DB545'5385B3855>>6?B=1D9AE5'B1>35 
*BB@
$8I8?(EBK<@<GL8G86G<BA4F87BA*++B9H4?
4A7/<
<+<:A4?F
71D1.E7? 59?*>9F5BC9DI1@1>98??>?>7 1>171G1>CD9DED5?6)538>?<?7I1@1>
)?=?1;9$8DCE;9 59?*>9F5BC9DI1@1> 

 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

5;-95-;$-+<91;@

(EB545<?<FG<6%B78?GB(E8CEB68FF4E>A8G4G49BEL58E,;E84G!AG8??<:8A688A8E4G<BA
<91C?E1B2)85#1D9?>1<I25B?B5>C93C1>4)B19>9>7<<91>35#)1>141<?B941
D<1>D93*>9F5BC9DI*( 
'AEBJ7
*8GJ88G<A:+C4@@<A:4@C4<:A<A+B6<4?&8GJBE>F
?!9E(?ED851CD*>9F5BC9DI% ' 89>1!E?E>J8?E(?ED851CD*>9F5BC9DI% ' 89>1
9EH9>1?(?ED851CD*>9F5BC9DI% ' 89>1-E4?>7#9(?ED851CD*>9F5BC9DI% ' 89>1
5>IE1>!9E*>9F5BC9DI?6"1CC138EC5DDC!?G5<<*(-9>G5>E*>9F5BC9DI?6
"1CC138EC5DDC!?G5<<*( 
-F<A:AB@4?L8G86G<BA4F87,86;A<DH8FGB8G86G ,,(
54F87BGA8G,E499<6
"E81==14#(1;92*>9F5BC9DI?6(?ED81B?<9>1*(89>)C5BE1>7*>9F5BC9DI?6
(?ED81B?<9>1*( 
+C86GE4?A4?LF<FB9$BJ*4G8B98A<4?B9+8EI<68GG46>F8G86G<BA54F87BA<F;8E4A7+<8:8?
,8FGF
%1E<?D15*>9F5BC9DI?6D859CDB93D?6?<E=291*("I?>7 1>7#1F1<'5C51B38!12
*(<5H1>45B+5<1JAE5J#1F1<'5C51B38!12?B1D?BI*( 
BB5L,E4C'AHGBAB@BHF?L8G86G<A:4A7;4E46G8E<M<A:E4J?8EF<A((BGA8GF
(81>;1B 1BE@@1I18)538>9C385*>9F5BC9DOD1B=CD14D5>D5B6?B4F1>354(53EB9DI
'5C51B381B=CD14D#F*>9F5BC9D9(19>C"1<1IC915B=1>I==1>?E9<
+1C9<?=1>?<1;9C)538>9C385*>9F5BC9DOD1B=CD14D5B=1>I(D5665>11C*>9F5BC9DI
"E5>CD5B5B=1>I"1H"E58<815EC5B)538>931<*>9F5BC9DI1B=CD14D5B=1>I"1D891C
9C385B*>9F5BC9DI"E5>CD5B5B=1>I 

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

$ '

4FG4<?BI8E4A7+J<G6;BI8E9BE$<A>4<?HE8F4A7BA:8FG<BA<A+B9GJ4E889<A87&8GJBE><A:
.9>71B!9>#1D9?>1<891?)E>7*>9F5BC9DI)19G1>E>7.9)5>7#1D9?>1<891?)E>7
*>9F5BC9DI)19G1>891'?>7CE#1D9?>1<891?)E>7*>9F5BC9DI)19G1>8E>8958
!91?#1D9?>1<891?)E>7*>9F5BC9DI)19G1>.E1>85>7!19>6?B=1D9?>"1>175=5>D
#)*())19G1> 
86?4E4G<I84<?HE8*86BI8EL+LFG8@<A+B9GJ4E889<A87&8GJBE>F
5>7D?>7!9B14E1D5(38??<1D(85>/85>)C9>78E1*>9F5BC9DI% ' 89>1&9>7!9
B14E1D5(38??<1D(85>J85>)C9>78E1*>9F5BC9DI% ' 89>1.?>791>7B14E1D5
(38??<1D(85>J85>)C9>78E1*>9F5BC9DI% ' 89>1)9>7/81>7B14E1D5(38??<1D
(85>/85>)C9>78E1*>9F5BC9DI% ' 89>1!59,1>7B14E1D5(38??<1D(85>J85>
)C9>78E1*>9F5BC9DI% ' 89>1 
4A7J<7G;4?8A74E<A:LA4@<6+8EI<68F+6;87H?<A:BI8E+B9GJ4E889<A87&8GJBE>F
!1J1B?C;1DJ9;9C"1D85=1D931<1>4<7?B9D8=93(395>35C!12B1>35'5C51B385>D5B
E1G59)538>?<?795C? !D4 B1>35(D561>?%1B9CE1G59)538>?<?795C? !D4 
*>9F5BC9DS%1B9C5C31BD5CB1>35?1>>9C(D91;?791>>1;9C"1D85=1D931<1>4<7?B9D8=93
(395>35C!12B1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 B1>35(I=5?>
8?EF1B41C*>9F5BC9DI?6D85>CB5535 
$<:;GJ8<:;G47@<FF<BA6BAGEB?4A7GE499<6@4A4:8@8AGJ<G;+&
%1E<?%9>D?*>9F5BC94145#?F145!9C2?1%?BDE71<'E91B4?C?)*>9F5BC94145#?F1
45!9C2?1%?BDE71<%54B?=1B1<*>9F5BC94145#?F145!9C2?1%?BDE71<!E9C5B>1B4?
*>9F5BC94145#?F145!9C2?1%?BDE71<  
LA4@<6+GE<6GE46G<BA4?E8DH8A6L*8HF89BE+B9GJ4E8
89<A87&8GJBE>F
>D5>58 52B5=1B91=*>9F5BC9DI?6)B5>D?D1<I)9>7>1>1?*>9F5BC9DI?6)B5>D?
D1<I?=5>93?(9B13EC1')#)D1<I)9>;E'1C8554B51D5#5D'5C51B38D1<I
12B9J9?B1>5<<9*>9F5BC9DI?6)B5>D?D1<I!5?>1B4??B1DD9B51D5>5DD1<I  

644<51+);165"6$#-31)*131;@)5,6,-315/5;-9)+;1=-

+<:A<9<64A68B9;4AA8?4<?HE8FBA&8GJBE>(8E9BE@4A68<A*&FJ<G;*8F8EI87+C86GEH@
>49;1 " 1<1@EG14E75*>9F5BC9DI?6745B#?BG1IB1>;. !9*>9F5BC9DI?6745B
#?BG1I+935>D%<1*>9F5BC9D1D%?<9D53>93145+1<5>391(@19> 
*87H6<A:J85?4G8A6LG;EBH:;,(!/58F@4EG
'5>1E4(1<<1>D9>)81<5C<5>91(@135B1>35S4B931E4?9>)81<5C<5>91(@135
B1>35==1>E5<81@EDB9D>C5598DB1>3512B935B>1<)81<5C<5>91(@135
B1>35==1>E5<E2?9C#(B1>35>4BS!E35I<?D*>9F5BC9DI?6)?E<?EC5
B1>35  
(E886?4@CF<4<4:ABF<FCCEB46;HF<A:4L8F<4A&8GJBE>F
"MB9?, ! "?B59B1*>9F5BC9DI?659B1>D5B9?B%?BDE71<?5< %  '?4B97E5C>CD9DED?
45)5<53?=E>931R\5C*>9F5BC9DI?659B1>D5B9?B%?BDE71<>D?>9?$<9F59B1545B1<
>CD9DED5?651B1B1J9<'?>1<4?'1=?C545B1<>CD9DED5?651B1B1J9< 1C896(1<55=
 9>7(1E4*>9F5BC9DI(1E49B1291 
*?88G4F87I<78B*8GE<8I4?<A4A78A45?87.8;<6H?4E7 B6&8GJBE>F
"E81==14J61B.1AE2 IE>7@??;#1D9?>1<*>9F5BC9DI ?B51(I541CC1>8=54
 IE>7@??;#1D9?>1<*>9F5BC9DI ?B51(1641BECC19>?E; IE>7@??;#1D9?>1<
*>9F5BC9DI ?B51?>7;IE> 9= IE>7@??;#1D9?>1<*>9F5BC9DI ?B51 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

#-:6<9+-)5)/-4-5;

A8E:L99<6<8AG'CG<@<M4G<BA9BE(;LF<64?$4L8E+86HE<GL<AB:A<G<I8*8?4L&8GJBE>F
91>$EI1>7#1>:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C?>3?B491*>9F5BC9DI
% ' 89>1,59%9>7/8E?>3?B491*>9F5BC9DI1>1411>95<"1CC93?DD5*>9F5BC9D54E
&E52531)B?9C'9F95B5C1>141"9>!9>#1>:9>7>CD9DED5?6)5<53?==E>931D9?>
)538>?<?7I% ' 89>1 
+ &BI8?FL@@8GE<6+LA6;EBABHF;4AA8? BCC<A:?:BE<G;@9BEB:A<G<I8*47<B
&8GJBE>F
(E<17>1"?81@1DB181>7E>7*>9F5BC9DI)19G1>%B1C1> E=1B(18??81>7E>7
*>9F5BC9DI)19G1> 
+%*4?4A6<A:F;BEGG8E@G;EBH:;CHG4A7?BA:G8E@FG45<?<GL<A6B:A<G<I8E47<B@8F;
A8GJBE>F
!9(E>*>9F5BC9DI1DE661<?*((5<F171>5C881B=5CG1B1>*>9F5BC9DI1DE661<?(*#.
*(CG9>?;E<1381>4B1>*>9F5BC9DI1DE661<?(*#.*(C89C8 E=1B*>9F5BC9DI1D
E661<?(*#.*(9=9DB9?C ?EDC?>9;?<1C*>9F5BC9DI1DE661<?(*#.*( 
+B6<4??L
4J4E8
BK8C?BL@8AG+6;8@8F9BE"B<AG4G4BEJ4E7<A:4A7A8E:L 4EI8FG<A:
?1>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(E@5>7!5>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1 E>.1>7*>9F5BC9DI
?6CC5H*>9D54 9>74?=&9>.E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1
% ' 89>1 
%4FF<I8%!%'54F87HA78E?4LA8GJBE>FJ<G;CBJ8E6BAGEB?
(1389D81 EC1<1481B=1*>9F5BC9DI?6<25BD11>14189>D81)5<<1=2EB1*>9F5BC9DI?6
<25BD11>141 

 %
644<51+);165:%0-69@

0)55-36,-315/!-9.694)5+-

*8I<F<G<A:G;84C46<GLB9&BA6B;8E8AG47<A:;4AA8?F<A@@/4I8+LFG8@
E94? 5BB1>D5(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>1>4"1CC138EC5DDC
>CD9DED5?6)538>?<?7I(9>71@?B5)?>I& ( &E5;(9>71@?B5*>9F5BC9DI?6)538>?<?7I
1>45C97>(9>71@?B5"?5,9>"1CC138EC5DDC>CD9DED5?6)538>?<?7I*( 
+!*FL@CGBG<6F<A(B<FFBA8??H?4E&8GJBE>FJ<G;BHG47<A:4A7J<G;(4EG<4?47<A:
'1481 B9C8>11>D9>491>>CD9DED5?6)538>?<?7I"14B1C>491"1BD9>15>779
*>9F5BC9DI?6#?DB51=5*( 
,E46><A:A:?8FB98C4EGHE84A7EE<I4?<A4%B5<?8%<??<@8G8E/4I8;4AA8?
8E1>7/81>7)C9>78E1*>9F5BC9DI% ' 89>1?>7>9>7E?#?BD8G5CD5B>*>9F5BC9DI
*(%9>7I91>)C9>78E1*>9F5BC9DI% ' 89>1 
%B78?<A:8??H?4E&8GJBE>F<A47<A:AI<EBA@8AGFJ<G;B@<A4AG+C86H?4EB@CBA8AGF
8=14"<==?EB9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I(1E49B1291
5C81=<(1GI 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49B1291
8=54(E<D1> *()(1E49B1291"1B3?9'5>J?%1B9C(13<1I*>9F5BC9DI
#'(
B1>35"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I
 *()(1E49B1291 
'AG;866HE46LB9!AG8E98E8A68%B78?F<A/<E8?8FFB@@HA<64G<BAF
?CC59>(8?;B98149;?<159 )'?I1<>CD9DED5?6)538>?<?7I(G545>1B<?9C389?>5
 )(G545>ID1>"?491>?")*( 

6,15/5;-9)+;1=-

)H4AG<M4G<BA9BE<FGE<5HG87<A4EL8G86G<BAHA78E+86E86LBAFGE4<AGF
"17795"81>>1#'(5>DB1<5(E@5<53*>9F5BC9DS%1B9C(E4!12?B1D?9B545(97>1EH5D
(ICDT=5CB1>35%95BB5E81=5<!CC(E@5<53#'(B1>35%12<?%91>D1>941
5>DB1<5(E@S<53#'(*>9F5BC9DS%1B9C(E4B1>35  
'CG<@H@%8FF4:8%4CC<A:$(86B78EF78E<I879EB@G;8+H@
(EB7H6G?:BE<G;@
1>!5G1>4?GC;I1=2EB7*>9F5BC9DI?6)538>?<?7I5B=1>I"1H9=9<91>(D1B;1=2EB7
*>9F5BC9DI?6)538>?<?7I5B=1>I5B81B41E381=2EB7*>9F5BC9DI?6)538>?<?7I
5B=1>I  
86B7<A:&8GJBE>B78FHF<A:G;8+H@
(EB7H6G?:BE<G;@
 (E>41B'1:1>>491>>CD9DED5?6(395>35>491>9>4I1E@D1>491>>CD9DED5?6
(395>35>491  
<FGE<5HG87*4G8?8FFB78F9BEBEE8?4G87%H?G<
+BHE68*8?4L&8GJBE>F
A21<ECC19>(G545>(G545>"1B;;EE>DD9*>9F5BC9DI?6$E<E9><1>4)14"1DCE=?D?
,$E<E9><1>4 

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

%)5,-@65,

%H?G<HF8E+HC8ECBF<G<BA,E4AF@<FF<BA%-+,9BE$,
+LFG8@F
5E>38E<!55(?5F5<?@=5>D(1=CE>7<53DB?>93C ?B51(E>7C?? 9=(1=CE>7
<53DB?>93C? !D4 ?B51?>71>!9=(1=CE>7<53DB?>93C ?B51  
-A?<68AF87$, /<<B8K<FG8A68!F$,!A;8E8AG?L4<E8E,;4A+,
B9CD9>11>?)B9>9DI?<<575E2<9>B1>35?E7<1C!59D8)B9>9DI?<<575E2<9>B5<1>4 
$<:;GJ8<:;G(4:<A:54F87BA$B64G<BA-C74G8!AG8EI4?F<A$,&8GJBE>
)1;5C891C89=?D? '!12?B1D?B95C>3 1@1>)1;5C89 E2? '
!12?B1D?B95C>3 1@1>.?C89>?B9 9D1DCE:9 '!12?B1D?B95C>3 1@1> 
BAG8KG
J4E8+6;87H?<A:B9"B<AG%<??<@8G8E/4I84A7%<6EBJ4I8*8FBHE68F9BEH4?
%B78
4F8+G4G<BAF
$=94(5=91B9+9B79>91)538*(,1<94(114+9B79>91)538*("58495>>9C5>DB5?6
,9B5<5CC?==E>931D9?>C*>9F5BC9DI?6$E<E9><1>4 
)H4?<GLB9+8EI<68!AG8EJBE><A:BI8E 8G8EB:8A8BHF&8GJBE>F<A
<11<(819;8<9*>9F5BC9DI?6#5G1F5>*(=9BC=19<@?EB*>9F5BC9DI?6#5G1F5>
'I5BC?>*>9F5BC9DI*(#941<#1CC5B<619C1<*>9F5BC9DI(1E49B1291 

<3;173-++-::

"B<AG-F8E(4<E<A:4A7(BJ8E??B64G<BA9BEBJA?<A>&BA
'EG;B:BA4?%H?G<C?8668FF+LFG8@F
95"5959:9>7*>9F5BC9DI?6%?CDC)5<53?==E>931D9?>C% ' 89>1!59.1?59:9>7
*>9F5BC9DI?6%?CDC)5<53?==E>931D9?>C% ' 89>11>7!?>759:9>7*>9F5BC9DI?6%?CDC
)5<53?==E>931D9?>C% ' 89>1 1>/85>759:9>7*>9F5BC9DI?6
%?CDC)5<53?==E>931D9?>C% ' 89>1 
,E4AF@<G(BJ8E'CG<@<M4G<BA9BE(E<BE<G<M87*4A7B@668FF<A'%4F87+LFG8@F
)158??> 9= ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I ?B51 12(5?; ?
 () ?B511> 5E>(E>7 ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I
?B51 
(EBCBEG<BA4?4<EA8FF
4F87(BJ8E??B64G<BA4A7-F8E+8G+8?86G<BA9BEBJA?<A>&'%
+LFG8@F
59!9E',)1385>*>9F5BC9DI>CD9DED56?B#5DG?B;54(ICD5=C5B=1>I%5DB9
"O8[>5>',)1385>*>9F5BC9DI5B=1>I"1B9>1%5DB?F1',)1385>*>9F5BC9DI
5B=1>I 
*8FBHE684??B64G<BA<A'%A8GJBE>FJ<G;;4?9
7HC?8K4A7<@C8E986G9H??
7HC?8KHF8EF
%5I=1>)58B1>9*>9F5BC9DI?6)58B1>B1>1BC814!18?ED91<D538>CD9DED5?6
)538<?>?7I*("9385<5/?BJ9*>9F5BC9DI?6%14?F1D1<I 
*47<B*8FBHE68??B64G<BA9BE&BA
BEG;B:BA4?%H?G<C?8668FF&'%*8?4L&8GJBE>-F<A:
%4G6;<A:4@8
(8E81>7/81>7%5;9>7*>9F5BC9DI% ' 89>1?I19%5;9>7*>9F5BC9DI% ' 89>1
!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91 

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

65;-5;*):-,-;>69215/

/8<:;G87&8GJBE>,E499<6'99?B47<A:<A46;8
8A45?87 8G8EB:8A8BHF&8GJBE>F
-9E8E1!9)85*>9F5BC9DI?6B9D9C8?<E=2911>141-91?659,1>7)85*>9F5BC9DI?6
B9D9C8?<E=2911>141+93D?B " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141 
*87H6<A:,;8+<M8B9(8A7<A:!AG8E8FG,45?89BEBAG8AG
8AGE<6&8GJBE>FJ<G; L5E<7
BEJ4E7<A:
-9?>7,1>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1,59,1>7
(D1D5B94(938E1><53DB93%?G5B?B@?B1D9?>% ' 89>18E>8E9/5>7*>9F5BC9DI?6
<53DB?>93(395>35)538>?<?7I?689>1% ' 89>1'E919(D1D5B94(938E1><53DB93
%?G5B?B@?B1D9?>% ' 89>1(85>7,1>7*>9F5BC9DI?6<53DB?>93(395>351>4
)538>?<?7I?689>1% ' 89>1(89J8?>7-E*>9F5BC9DI?6<53DB?>93(395>351>4
)538>?<?7I?689>1% ' 89>1 
A4E6;<G86GHE89BEBA
78@4A7F8EI<6878C?BL@8AGBI8E4G8?6B&
%1>D5<9C B1>7?E49C#''5>>5CB5D17>5D<1>D9AE5B1>35!?E9J1.1<1'(

*>9F5BC9DI?6'5>>5C B1>354<5> C5>D9>9EB53?=B1>35)1B9;)1<521<D?


*>9F5BC9DI9><1>4 
%4E>8G%B78?4A7'CG<@4?(E<6<A:+6;8@8B9<:4G44A7!AG8EA8GB9,;<A:F!B,
EC9D#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5"?81==142E<C859;8
#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5%9>7,1>7#1>I1>7)538>?<?7931<
*>9F5BC9DI(9>71@?B5?>7> 9=(E>7;IE>;G1>*>9F5BC9DI( * ?B51/8E1>
*>9F5BC9DI?6?ECD?>*(  
*8IB?HG<BA<M<A:G;8!AG8E
B@4<AHF<A8FF%B78?5L!A9BE@4G<BA
8AGE<6,;<A><A:
/85>5>7)C9>78E1*>9F5BC9DI% ' 89>1"9>7G59-E)C9>78E1*>9F5BC9DI% ' 89>1
.E1>.1>7)C9>78E1*>9F5BC9DI% ' 89>1 

  $
 7;1+)3-;>692:)5,$@:;-4:

6,15/6,<3);165)5,$1/5)3!96+-::15/15 7;1+)3-;>692:

(BJ8E'CG<@<M4G<BAB9%H?G<C?8
J4I8?8A:G;'CG<64?/<E8?8FF+64GG8E<A:B@@HA<64G<BA
59IE1>!9E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>185>?>7*()
% ' 89>1/85>7IE1>-E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1  
?<A774CG<I8,E4AF@<GG8E!)!@54?4A68B@C8AF4G<BA<A%
)%'CG<64?B;8E8AG+LFG8@F
)BE>795>#7EI5>#'($)$#*"'  *>9F5BC9DI?6'5>>5C >CC1DB1>35
%1C31<(31<1BD*>9F5BC9DI?6'5>>5CB1>35"1D89<451I#(()
*>9F5BC9DS45'5>>5C
B1>35!1EB5>DB1=5B95?D?>#'(*"'#(()
*>9F5BC9DS45'5>>5C B1>35
8B9CD?@85%5E385B5D*>9F5BC9DI?6'5>>5C B1>35)9#7EI5>)9*>9F5BC9DI?6'5>>5C 
'(B1>35"1DD895E1ED95B*>9F5BC9DI?6'5>>5C '(B1>35$<9F95B(5>D95IC
*>9F5BC9DI?6'5>>5C '
'(B1>3551><1E45(9=?>$)$#!12?B1D?BI#'(
*>9F5BC9DI?6'5>>5C #(()B1>35"9385<?9>4?D$)$##(()
*>9F5BC9DI?6
'5>>5C
#'(B1>35  
'AG;8;4AA8?4C46<GLB9(B?4E<M4G<BA
%H?G<C?8K87B;8E8AG*47<B
BI8E
<58E,E4AF@<FF<BAF
4G%<??<@8G8E
J4I84A7F
.E;9.?C8941#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4?==E>931D9?>C)538>?<?7I1@1>
.E;989B?)1;1=9$C1;1*>9F5BC9DI1@1>(8?859>E4?$C1;1*>9F5BC9DI1@1> 5>9389
9D1I1=1)85B14E1D5(38??<6?BD85B51D9?>?6#5G%8?D?>93C>4ECDB95C1@1>DCEC89
1>>?#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4?==E>931D9?>C)538>?<?7I1@1>#1?;1DCE
.1=1=?D?#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4?==E>931D9?>C)538>?<?7I1@1>
)5DCEI1 1G1>9C89,1C541*>9F5BC9DI#1D9?>1<>CD9DED5?6>6?B=1D9?>1>4
?==E>931D9?>C)538>?<?7I1@1> 
(B?4E<M4G<BA+;<9G#8L<A:J<G;(H?F8(BF<G<BA%B7H?4G<BABI8EG@BFC;8E<6,HE5H?8A68;4AA8?F
)Ef21LJ29<79>?71J939*>9F5BC9DI)*) *5;15)EB;5I"ED<E ?31?71J939
*>9F5BC9DI)EB;5I 
)H4AG<M4G<BA4A7887546>B9(E<A6<C4?%B78F9BE <:;+C887%H?G<@B78<58E$<A>F
'1:5C8"9C8B1>491>>CD9DED5?6)538>?<?7I?=21I>4919>5C813?2>491>>CD9DED5
?6)538>?<?7I?=21I>491 E=1B@@1918>491>>CD9DED5?6)538>?<?7I?=21I
>491 

 $ $


$++-::$@:;-4:)5,-;>692:

++-::$@:;-4:)5,-;>692:5;-9)+;1=-

(8E9BE@4A68B94H4?+8AFBE54F87!AG8E98E8A684A68??4G<BA+6;8@89BEBJAFGE84@+$
("/161BE449>;1>?C?==E>931D9?>C>491%B9F1D5!9=9D54CB15<!1EB5>D%95BBE7E5C
;1>?C?==E>931D9?>C>3 *( 
LA4@<6FB9,JBAG<C4E4??8?,(BAA86G<BAFBA4AFL@@8GE<6$<A>
)B9CD1>B1E4!B1>35"1BD9>5ECC5B5>?2<5>6?B=1D93C!12?B1D?BIB5>?2<5#%
B1>35>4BJ5:E41B5>?2<5>CD9DED5?6)538>?<?7IB1>35 
(E<6<A:G;894FG
?4A8FDH4?<G4G<I8FGH7LBAG;8<@C?<64G<BAFB9C4<7C88E<A:4:E88@8AGF
?CD1C?EB3?E25D9CD85>C*>9F5BC9DI?63?>?=93C1>4EC9>5CCB5535 ?CD1C(4B?<91C
D85>C*>9F5BC9DI?63?>?=93C1>4EC9>5CCB5535'9381B4,525B1=2B9475
*>9F5BC9DI*>9D54 9>74?= 
(46>8G,;EBH:;CHG(8E9BE@4A68B9%H?G<F8EI<68 %H?G<E4G8'%<A?4FG<6&8GJBE>F
)8917?''144?)538>931<*>9F5BC9DI?65>=1B;*>9F5BC9DI?6(1?%1E<?5>=1B;
>45BC?>(1>385C*>9F5BC9DI?6D85'53?>31F??6D851891*'B1J9<45<6?>C?)16EB
"?>B?I)538>931<*>9F5BC9DI?65>=1B;)"$*>9F5BC9DI5>=1B;5>EB+?B75C
*>9F5BC9414545(P?%1E<?C3?<145>75>81B9145(P?1B<?CB1J9< 
 $$
$644<51+);165:.69;0-$4)9;91,

644<51+);165:.69;0-$4)9;91,

(E<I46LJ4E8<FGE<5HG87B@CHG<A:B9BAGEB?+GE4G8:L9BE+@4EGE<7FNF8C4E45?8
9HA6G<BACCEB46;
9>7381?1?)85*>9F5BC9DI?6)5>>5CC55*(EC85>7!9*>9F5BC9DI?6)5>>5CC55
*( 
+86HE84A7(E<I46L
J4E8(EBKL%B5<?8!(I(EBGB6B?9BE.8;<6?8
GB
E<7&8GJBE>F
"18=?E41C85=9J1*>9F5BC9DI?65>DB1<!1>31C89B5*>9D54 9>74?=&9(89!9F5B@??<
?8>"??B5C*>9F5BC9DI*>9D54 9>74?=)8?=1C$G5>CBE>5<*>9F5BC9DI*>9D54
9>74?=>75<?C "1B>5B945C!9F5B@??<?8>"??B5C*>9F5BC9DI*>9D54 9>74?= 
%H?G<4E84+G4G8FG<@4G<BAJ<G;$8:46L4A7+LA6;EBA<M87%84FHE8@8AGF
1F95B"1D1=?B?C5>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1(@19>389<<51C
)C9DC9=5<9C5>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1(@19>"1B91B57?B9
))(@19>1B<5C>DY>1B?5>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1
))(@19> 
A8E:L
99<6<8AG4G8J4L'A
'99+J<G6;<A:+6;8@8<AB:A<G<I8*47<B4F87+@4EGE<7
&8GJBE>F
81?.1>7)85?>7 ?>7%?<ID538>93*>9F5BC9DI% ' 89>1,59!?E)85?>7 ?>7
%?<ID538>93*>9F5BC9DI?>7 ?>7E>=59.1?D85$# $#%?<ID538>93*>9F5BC9DI
?>7 ?>7 
A45?<A:! B@@HA<64G<BA+8EI<68FBI8E(H5?<6$,!A9E4FGEH6GHE8
81B1<1=@?C 1<1<1C))(@19>!1J1B?C;1DJ9;9C"1D85=1D931<1>4<7?B9D8=93
(395>35C!12B1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 B1>351B<?
9C389?>5 )(G545>%5B!:E>725B7B93CC?>'5C51B38(G545>5CEC<?>C?/1B1D5
5>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1))(@19> 

 $6%
$5;-95-;6.%015/:

5;-95-;6.%015/:5;-9)+;1=-

+8?86G<I8B@CE8FF87+8AF<A:ABG;8EB@CE8FF87+8AF<A:CCEB46;9BEE8DH8A6L
B@4<A
A4?LF<F
E=9>?B9$;EI1)85*>9F5BC9DI?6)?;I?1@1>.?C8989B? 1G181B1)85*>9F5BC9DI?6
)?;I?1@1>)?8BEC1=9)85*>9F5BC9DI?6)?;I?1@1>  
<FGE<5HG87&B78BAF8AFHF(EBGB6B?A4?LF<F I4?H4G<BA4A7(8E9BE@4A68
19G5>9>3?<5%?<ID538>9AE5B1>35%95BB5%69CD5B9C3?B1>3591J9.9!-3?<5
%?<ID538>9AE5B1>35  
$<A>
BEE8?4G<BA
J4E8EBFF
$4L8E(EBGB6B?9BE!B,8I<68F
1>7=9>7819(D1D5*>9F5BC9DI?6#5G.?B;1D9>781=D?>*()9>7/8E*>9F5BC9DI?6
"1BI<1>41<D9=?B5?E>DI*( I?E>7?> 1>7(D1D5*>9F5BC9DI?6#5G.?B;
9>781=D?>*(  

 $$$
$$);-331;-)5,$7)+-644<51+);165:

5;-55):

74CG<I8 4A7B999BE%H?G<
AG8AA4%B5<?8+4G8??<G8+LFG8@FJ<G;A6<??4EL,8EE8FGE<4?
B@CBA8AG
5BF19C#  1=71#'(*>9F5BC9DI?6&E52531>141"9B5DD5(145;9>(81=C
*>9F5BC9DI7I@D(?>91WCC1#'(*>9F5BC9DI?6&E52531>141 
A74CG<I884@BAGEB?,86;A<DH89BE<I8EF<GL4<A%4K<@<M4G<BA<A$'+4G8??<G8GBEBHA7
(8975>?B9)1>9"9DCE29C89<53DB931@1> 1DCEIE;9"?D?I?C89"9DCE29C89<53DB93
?B@?B1D9?>1@1>9B?I1CE(1>?"9DCE29C89<53DB93?B@?B1D9?>1@1>DCEC89$;1=EB1
"9DCE29C89<53DB93?B@?B1D9?>1@1>9B?;9#9C89I1=1)?8?;E*>9F5BC9DI1@1>#59
1D?)?8?;E*>9F5BC9DI1@1>  
&BI8?%H?G<HF8E (
%!%';4AA8?%B78?4F87BA<EG;
84G;(EB68FF
/8EH91>!91>(81>781991?)?>7*>9F5BC9DI% ' 89>1!9>77591>7(81>781991?)?>7
*>9F5BC9DI% ' 89>185>5(81>781991?D?>7*>9F5BC9DI% ' 89>1&9-9(81>7819
91?D?>7*>9F5BC9DI% ' 89>1 
"B<AG(E87<FGBEG<BA4A7((**87H6G<BA<A%H?G<584@+4G8??<G8+LFG8@F
<25BD?"5>71<9*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB781F1>9(81>;1B"IC?B5'
>D5B49C39@<9>1BI5>DB56?B(53EB9DI'5<9129<9DI1>4)BECD*>9F5BC9DI?6!EH5=2?EB7
!EH5=2?EB7:[B>$DD5BCD5>*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7 
+C4G<4?%!%'BI8E+4G8??<G8(EBB9B9BA68CG
8B9CD91>?6=1>>"E>938*>9F5BC9DI?6D85E>45CG58B5B=1>I 19*G5(D?B5;
"E>938*>9F5BC9DI?6D85E>45CG58B5B=1>I'?25BD) (38G1BJ*>9F5BC9DOD45B
E>45CG58B"^>385>5B=1>I>4B51C >?@@"E>938*>9F5BC9DI?6D85E>45CG58B
5B=1>I 

 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

)::1=-

B@CE8FF<I8+!,FG<@4G<BA9BE%H?G<
HF8E%4FF<I8%!%'J<G;HGBAB@BHF74CG4G<BAB9(<?BG
4A7887546>
59219/8E?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7>!9E?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7+9>35>D!1E?>7 ?>7*>9F5BC9DI
?6(395>351>4)538>?<?7I?>7 ?>7 
/4I89BE@8F<:A9BE%4FF<I8%!+'BJA?<A>J<G;A8E:L
99<6<8AG*868<I8EF7BCG<A:
5<G
F
8=5D?;35?7<E)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4"9;;?+1<;1=1)1=@5B5
*>9F5BC9DI?6)538>?<?7I9><1>4B9; !1BCC?>!9>;[@9>7*>9F5BC9DI(G545>=9<
:[B>C?>!9>;[@9>7*>9F5BC9DI(G545> 
(B?LAB@<4?KC4AF<BAB9G;8(E86B78E9BE(BJ8E%<A<@<M4G<BA<A$4E:8
+64?8%!%'+LFG8@F
?ECC5=(961?E 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I(1E49B12912<1
1==?E> 1ECD(1E49B1291!E31(1>7E9>5DD9*>9F5BC9DI?6%9C1(*%!D1<I
"SB?E1>552218E1G59B1>35"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6
(395>351>4)538>?<?7I *()(1E49B1291 
<:;
,;EBH:;CHG$4GG<68*87H6G<BA9BE$4E:8
+64?8%!%'+LFG8@F54F87BA+8LF8AF?:BE<G;@
1B81>1(859;8>D5<?B@?B1D9?>*(<5H9?C1<1DC?E;1C(D9==9>7>D5<?B@?B1D9?>
(G9DJ5B<1>4891C91>785>>D5<?B@?B1D9?>*( 
BJA?<A>(BJ8EBAGEB?9BE%4FF<I8%!%'8??H?4E+LFG8@FJ<G;'CG<@4?-F8EFFB6<4G<BA
)B9>8+1>895>!9>;[@9>7*>9F5BC9DI(G545>=9<:[B>C?>!9>;[@9>7*>9F5BC9DI
(G545>B9; !1BCC?>!9>;[@9>7*>9F5BC9DI(G545> 

 ($
(19-3-::644<51+);165:$@476:1<4

 

<FGE<5HG87BBE7<A4G8784@9BE@<A:9BE%H?G<
8??%H?G<:EBHC%H?G<64FG+LFG8@F
1BB9%5>>1>5>*>9F5BC9DI?6$E<E9><1>49=9DB9?C8B9CD?@?E<?C*>9F5BC9DI?6
!EH5=2?EB7(>)!EH5=2?EB7(I=5?>81DJ9>?D1C*>9F5BC9DI?6!EH5=2?EB7
!EH5=2?EB7:[B>$DD5BCD5>*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7 
99<6<8AG;4AA8?FG<@4G<BA9BE%<??<@8G8E/4I8%!%'J<G;$<@<G87*;4<AF
!E.1>7#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5.?>7/5>7#1D9?>1<*>9F5BC9DI?6
(9>71@?B5(9>71@?B5'E9/81>7#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5 
(4G;$BFF;4AA8?%B78?F9BE8??H?4EB@@HA<64G<BAF<A*<L47;<GL4G  M
8=54I1>41(E<I=1> 9>7(1E4*>9F5BC9DI(1E49B129124E<=1<9;<G1B16I;(*
(1E49B1291ECC59> (5<55= 9>7(1E4*>9F5BC9DI?<<575?6>79>55B9>7(1E49
B1291 81<54E=149 9>7(1E4*>9F5BC9DI(1E49B129124E<81=554<C1>95 9>7
(1E4*>9F5BC9DI(1E49B1291 
*47<B*8FBHE68%4A4:8@8AG9BE?BH7
*&&8GJBE>FJ<G;B@CHG<A:4C45<?<GLBAFGE4<AGF
.E>!91?%5;9>7*>9F5BC9DI% ' 89>1!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1
.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91.9>7E>>75<1/81>7)8589>5C5*>9F5BC9DI
?6?>7 ?>7?>7 ?>7 
"B<AG+6;87H?<A:4A7%<??<@8G8E/4I8 L5E<784@9BE@<A:+LFG8@J<G;(4EG<4?+<78
!A9BE@4G<BA
9B9= G?> ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I () ?B51IE>385?<
%1B; ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I () ?B51  

5;-9.-9-5+-0)9)+;-91A);165

(8E9BE@4A68A;4A68@8AGI<4*,FFB6<4G<BABAGEB?<A%H?G<
*,8??H?4E&8GJBE>F
(5?>7?815 () ?B51E>%I??>7%E;I?>7#1D9?>1<*>9F5BC9DI ?B51,1>
8?9 () ?B51 
-C?<A>(8E9BE@4A68A4?LF<FB98AF88??H?4E&8GJBE>FJ<G;$B+4A7&$B+,E4AF@<FF<BAF
)91>9>7*>9F5BC9DI?6)538>?<?7I(I4>5IECDB1<91"9>79>71D1 ECDB1<91
E?A91>7"1?)85*>9F5BC9DI?6)538>?<?7I(I4>5IECDB1<91/98E19!9>*>9F5BC9DI?6
(I4>5IECDB1<911F94!Y@5J%SB5J5<<!12C<31D5<!E35>DB5<1>4  
+64?<A:$4JFB9BI8E4:84A74C46<GL<ABJA?<A>-?GE48AF88??H?4E&8GJBE>F
+1>"9>8#7EI5>E1G59)538>?<?795CB1>35"1B9?C ?E>D?EB9CE1G59)538>?<?795C
B1>35  
-A<9<87,E46G45?8%B78?9BEBJA?<A>%!%'8??H?4E&8GJBE>FHF<A:+GB6;4FG<68B@8GEL
!19<15C81=696I 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B12915C81=<(1GI 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B1291)1B5A. <#166?EB9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I*(
"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B1291 
!@C46GB9%B5<?<GLBAG;8+H@*4G8B94A&
'%4F87%B5<?8!B,&8GJBE>F
8E>HE91?/85:91>7*>9F5BC9DI% ' 89>1/81?I1>7/81>7/85:91>7*>9F5BC9DI% '
89>119:E>/8?>7/85:91>7*>9F5BC9DI% ' 89>1 

(19-3-::0)55-3:)5,!967)/);165

<8?7,8FG<A: %B78?<A:4A7B@C4E<FBAB9%H?G<E8DH8A6L4A7(EBC4:4G<BA;4E46G8E<FG<6F9BE
8??H?4E&8GJBE>F
E9-E(81>7819'5C51B385>D5B6?B,9B5<5CC?==E>931D9?>C% ' 89>18E>(89
(81>7819'5C51B385>D5B6?B,9B5<5CC?==E>931D9?>C% ' 89>1,EH9?>7/81>7
(81>7819'5C51B385>D5B6?B,9B5<5CC?==E>931D9?>C% ' 89>1.1>7.1>7(81>7819
'5C5B1385>D5B6?B,9B5<5CC?==E>931D9?>% ' 89>1 
!A6E84F<A:!A7BBE+C86GEH@+;4E<A:4C46<GLHF<A:+@4EG*89?86G
EE4L
-9>)1>(D1D5*>9F5BC9DI?6#5G.?B;1DE661<?*(/89(E>(D1D5*>9F5BC9DI?6#5G.?B;
1DE661<?*(?C5@"?B>5D*>9F5BC9DI1DE661<?*(9=9DB9C %14?C)85(D1D5
*>9F5BC9DI?6#5G.?B;1DE661<?*( 
$B64?<M4G<BA?:BE<G;@8F<:A4A7(8E9BE@4A68A4?LF<F<A(EB545<?<FG<6$'+ &$'+AI<EBA@8AG
-9E61>7(89/85:91>7*>9F5BC9DI% ' 89>1E?A91>7"1?)85*>9F5BC9DI?6)538>?<?7I
(I4>5IECDB1<91/19IE5.1>7/85:91>7*>9F5BC9DI% ' 89>19=9>785>/85:91>7
*>9F5BC9DI% ' 89>1 
%B78?
E88$B64?<M4G<BA%8G;B79BE+8AFBE&8GJBE>FJ<G;+C4EF8A6;BEF
"1779585>7"9CC?EB9*>9F5BC9DI?6(395>351>4)538>?<?7I*(,5991?,E*>9F5BC9DI
?689317?*( 
'CG<@4?(46>8G$8A:G;9BE,;EBH:;CHG%4K<@<M4G<BA<ABEE8?4G87%H?G<
-F8E;4AA8?F
8=54<9*>9F5BC9DI?6)5H1C1D1<<1C*(5>;" .5D9C"5F<1>1*>9F5BC9DI)EB;5I
"EB1D)?B<1;)85*>9F5BC9DI?6)5H1C1D1<<1C*( 

:;14);165)5,-;-+;165

+L@5B?+8DH8A688G86G<BAJ<G;"B<AG;4AA8?FG<@4G<BA4A74EE<8E+LA6;EBA<M4G<BA
E1E#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5%??9.E5> 1=#1D9?>1<*>9F5BC9DI?6
(9>71@?B5(9>71@?B5 
E8DH8A6L
B@4<ADH4?<M4G<BA<787!G8E4G<I88G86G<BAB94FG8E
G;4A
&LDH<FG+<:A4?<A:J<G;
&B<F8/;<G8A<A:
)1;E=9C8981B1)?;I?*>9F5BC9DI?67B93E<DEB51>4)538>?<?7I1@1>(89>I1(E79EB1
)?;I?*>9F5BC9DI?67B93E<DEB51>4)538>?<?7I1@1> 
,E478B9958GJ88AB
6;4AA8?!AG8E98E8A684A7B??<F<BA(EB545<?<GL<A$+LFG8@F
'E9.9>/85:91>7?>7C81>7*>9F5BC9DI5?B791>CD9DED5?6)538>?<?7I% ' 89>1
E1>49>7.E/85:91>7*>9F5BC9DI% ' 89>15?66B5I!95?B791)538*(=9>5
"11B56E1G59)538>?<?795C1>1411>141 
;4AA8?)H4?<GLFG<@4G<BAHF<A:?H8GBBG;9BEBG;8E+G4A74E7F<AG;8  M!+%4A7
,??>7855!55 ?B51*>9F5BC9DI ?B51<25BD8E>7 ?B51*>9F5BC9DI ?B51G1>7>1=
9= ?B51*>9F5BC9DI ?B51 
B@CE8FF87+8AF<A:
54F87(<?BGFF<:A@8AG4A7*8HF89BE%B5<?8-F<A@@/4I88??H?4E
+LFG8@F
,5>78?>?*>9F5BC9DI?6(?ED85B>1<96?B>91*(85>G59,1>7$$"$
>>?F1D9?>C>3 *($J7E>. EBC1<9?7<E?3?=?>>?F1D9?>C*(1B1<12?C
%1@14?@?E<?C$$"$>>?F1D9?>C>3 *( 

#),16#-:6<9+-)5)/-4-5;5;-9)+;1=-

&BI8?'A8
<G)H4AG<M4G<BA8F<:A9BEBEE8?4G<BA
54F87$BJ
(BJ8E/<7854A7+8AF<A:
245<=?8C5><9?>3?B491*>9F5BC9DI1>141,1<111=?E41?>3?B491*>9F5BC9DI
1>141  
%4FF<I8%!%'*8?4L<A:J<G; L5E<7(EB68FF<A:
"9<14?J??>9&E55>C*>9F5BC9DI5<61CD*>9D54 9>74?="93819<"1DD819?E&E55>C
*>9F5BC9DI5<61CD*>9D54 9>74?=(899>(?ED851CD*>9F5BC9DI% ' 89>15?B75
<5H1>4B?@?E<?CB1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 B1>35 
*8FBHE68??B64G<BAJ<G;*8I8EF8(E<6<A:9BEB@@HA<64G<BA&8GJBE>F
(1>7.5?2E>7.?>C59*>9F5BC9DI ?B51(5?>7!IE> 9=.?>C59*>9F5BC9DI ?B51  
-F8E(4<E+8?86G<BA9BE<FGE<5HG87
!ACHG<FGE<5HG87
'HGCHG/<E8?8FF+LFG8@F
.E>7(8E>,1>7#1D9?>1<)C9>7E1*>9F5BC9DI3145=91(9>931)19G1>.1?,9>%5D5B
?>7#1D9?>1<)C9>7E1*>9F5BC9DI)19G1>,5>)CE5>85>#1D9?>1<)C9>7E1
*>9F5BC9DI)19G1>  
 $
,06+)5,$-5:69-;>69215/$@476:1<4

-3)@%63-9)5;-;>692:)5, 7769;<51:;1+-;>69215/

'AG;8A7
GB
8A78?4LB9!AG8E98E8A68
$<@<G87%B5<?8%H?G<;BC&8GJBE>F
1<9E(?ED8G5CD91?D?>7*>9F5BC9DI% ' 89>19>7H91>,E*>9F5BC9DI?6B;1>C1C
*(%9>7J891>(?ED8G5CD91?D?>7*>9F5BC9DI9F5BC9DI% ' 89>1  
+8G
BI8E<A:
54F87?:BE<G;@9BE8?4LBAFGE4<A87*8?4L&B78(?468@8AG<A/<E8?8FF+8AFBE
&8GJBE>F
81?61>"1(85>.1>7>CD9DED5?6ED?=1D9?>89>5C53145=I?6(395>35C% ' 89>1
,59!91>7(85>I1>7>CD9DED5?6ED?=1D9?>89>5C53145=I?6(395>35C% ' 89>1
"5>7/85>7(85>I1>7>CD9DED5?6ED?=1D9?>89>5C53145=I?6(395>35C% ' 89>1 
(8E9BE@4A68%B78?<A:4A7A4?LF<FB9<FGE<5HG87%H?G<
;BC/<E8?8FF7 B6&8GJBE>F
-E!959:9>791?D?>7*>9F5BC9DI% ' 89>151?59:9>791?D?>7*>9F5BC9DI% '
89>1.1>1>!91>759:9>791?D?>7*>9F5BC9DI% ' 89>1 5-9?>759:9>791?D?>7
*>9F5BC9DI% ' 89>1.9>7!9E59:9>791?D?>7*>9F5BC9DI% ' 89>1 
!A9BE@4G<BAC<78@<6FBAGEB?9BE4G48?<I8EL<A'CCBEGHA<FG<6&8GJBE>F
85BBI.5E>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5  "4 #1G1J<9
#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5"9>7/81?#1>I1>7)538>?<?7931<
*>9F5BC9DI(9>71@?B5'E?E>19#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5%5D5B
1>??8?>7E3;<1>4*>9F5BC9DI?6)538>?<?7I#5G/51<1>4 
&BI8?-A78EJ4G8E/+&8C?BL@8AG+GE4G8:L9BEH??
BI8E4:84A7BAA86G<I<GL<A*<I8EF
/1;91 81<61<<18*%"B1>35<85=1::1B9$B1>75<12CB1>35#14:929DC1149!9((9
*>9F5BC9DI?6%1B9CCDB5D59<*%B1>35%1E<'E29>"938971>(D1D5*>9F5BC9DI
B1>35EI%E:?<<5*>9F5BC9DI%95BB55D"1B95EB95%1B9C#B1>35 

(19-3-::-;>6927731+);165:5;-9)+;1=-

!A9BE@4G<BA*86BI8ELI<4?B6>B@CE8FF87+8AF<A:<A/<E8?8FF+8AFBE&8GJBE>F
1?E9(81>781991?)?>7*>9F5BC9DI% ' 89>1(E/81>7(81>781991?)?>7
*>9F5BC9DI% ' 89>1-91?I9>71>(81>781991?)?>7*>9F5BC9DI% ' 89>1"1>IE1>
(85>(81>781991?)?>7*>9F5BC9DI% ' 89>1-9>29>7,1>7(81>781991?D?>7
*>9F5BC9DI% ' 89>1-91?8E1)91>(81>781991?)?>7*>9F5BC9DI% ' 89>1 
4EE<8EE8DH8A6L'99F8GFG<@4G<BA+6;8@89BE!   :4F87/<78E84/<
+-&
+LFG8@F
5>D1B?$21D1 I?D?*>9F5BC9DI1@1> 599389"9JED1>9 I?D?*>9F5BC9DI1@1>9B?C89
1B141 I?D?*>9F5BC9DIB14E1D5(38??<?6>6?B=1D93C1@1> 
BAA86G<I<GLB9BBC8E4G<I87;B6&8GJBE>F
$B5CD9C5?B79?E)?C8921)5<53?==E>931D9?>C'5C51B38!12?B1D?BI*>9D54 9>74?=
5?B79?C 1<?7B949C)?C8921'5C51B38EB?@5!D4*>9D54 9>74?=1385=.1CC9>5
*>9F5BC9DI?6$H6?B4*>9D54 9>74?=(D?:1>5>93)5<53?==E>931D9?>C'5C51B38!12
)?C8921*>9D54 9>74?= 
(8E9BE@4A68%B78?<A:B9G;8+?88C!AG8EI4?9986GF<AHGL
L6?87-A78EJ4G8E+8AFBE&8GJBE>F
'?4?<6?, ! ?ED9>8?545B1<*>9F5BC9DI?6"9>1C5B19C*>9F5BC9DI?6$DD1G1B1J9<
JJ549>5?E;5B385*>9F5BC9DI?6$DD1G11>141!E9J " +959B1*>9F5BC94145545B1<
45"9>1C5B19CB1J9<>D?>9?  !?EB59B?545B1<*>9F5BC9DI?6"9>1C5B19CB1J9< 
'A*8F<?<8AGI8AG
7E<I8A(4EG<4?4EE<8EF<A%B5<?8+8AFBE&8GJBE>F
IE>2E= 9=*>9F5BC9DI?6#?BD81B?<9>11D,9<=9>7D?>*(1<5<5>$D8=1>
*>9F5BC9DI?6%1B9C B1>35 
 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

6*13-)5,(19-3-::-;>692$-+<91;@

+<A:?8BAGEB??8E+GB6;4FG<64@8F9BE'CG<@<M87%BI<A:,4E:8G898AF8
245<'18=1><4?C?E;I+9B79>91)538*(,1<94(114+9B79>91)538*(EC9D#9I1D?
#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5 
(<A54??GG46>FKC?B<G<A:;4AA8???B64G<BA<A/<E8?8FF&8GJBE>F
1>9535 5<<I)5H1C(D1D5*>9F5BC9DI*("9>1E9B7E9C)5H1C(D1D5*>9F5BC9DI*(
5?B75D91*>9F5BC9DI?65>DB1<<?B941*( 
28EB*86BA6<?<4G<BA+86E8G#8LKGE46G<BA<A%!%'46>F64GG8E/<E8?8FF+LFG8@F
(89381?!F>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% ' 89>1
-91>7!E>CD9DED5?6>6?B=1D9?>>79>55B9>7(% ' 89>1/8E?!E*>9F5BC9DI?6
"5=@89C*(-91?C81>,1>7>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6
(395>35C% ' 89>1#9>7,1>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% '
89>1!9=9>(E>>CD9DED5?6>6?B=1D9?>>79>55B9>789>13145=I?6(395>3559:9>7
% ' 89>1 
B@54G<A:H??
HC?8K6G<I84I8F7EBCC8E4@8
,;8BE8G<6(8EFC86G<I8
-91?)1>7-91>91?D?>7*>9F5BC9DI% ' 89>1%9>I9'5>-91>91?D?>7*>9F5BC9DI% '
89>1/8E1>*>9F5BC9DI?6?ECD?>*( 
!A
4A7/BE@;B?88G86G<BA<A/<E8?8FF7 B6&8GJBE>F-F<A:;4A:8(B<AG8G86G<BA
%8G;B7
"1779585>7"9CC?EB9*>9F5BC9DI?6(395>351>4)538>?<?7I*(.9!9>7"9CC?EB9
*>9F5BC9DI?6(395>351>4)538>?<?7I*(,5991?,E*>9F5BC9DI?689317?*( 

$-+<91;@6.)9/-$+)3-$@:;-4:)5,$

8G86G<A:BEJ4E7<A:AB@4?L<A+B9GJ4E8
89<A87&8GJBE>F
8E>8E9%1>7)C9>78E1*>9F5BC9DI% ' 89>1.?>791>7B14E1D5(38??<1D(85>J85>
)C9>78E1*>9F5BC9DI% ' 89>1&9!9)C9>78E1*>9F5BC9DI% ' 89>1
99<6<8AG +86HE84A7&BA
<G8E4G<I8'HGFBHE6<A:B9$4E:8
+64?8+LFG8@FB9$<A84EDH4G<BAF
.E>@5>7.E#1D9?>1<*>9F5BC9DI?6565>C5)538>?<?7I% ' 89>1.E38E1>!E?#1D9?>1<
*>9F5BC9DI?6565>C5)538>?<?7I% ' 89>1?>7C85>7,1>7#1D9?>1<*>9F5BC9DI?6
565>C5)538>?<?7I% ' 89>1(81?:9>7E#1D9?>1<*>9F5BC9DI?6565>C5)538>?<?7I
% ' 89>1"9>7-E#1D9?>1<*>9F5BC9DI?6565>C5)538>?<?7I% ' 89>1 
8G86G<BA%8G;B79BE4&BI8?B+GG46>4:4<AFG+&BAGEB??8EF5L.4FG&8J$BJ
,E499<6
?BJF
%9>7?>759:9>791?D?>7*>9F5BC9DI% ' 89>1-91?:91>7E)5=@<5*>9F5BC9DI*(
?>7;5/81>759:9>791?D?>7*>9F5BC9DI% ' 89>1)?>7-E59:9>791?D?>7*>9F5BC9DI
% ' 89>1 
(E<I46L
(E8F8EI<A:88C(46>8G<?G8E<A:BI8EA6ELCG87,E499<6<A+B9GJ4E8
89<A87&8GJBE>F
.9E9!9>3145=91(9>931)19G1>(81>C91>7(85>3145=91(9>931)19G1>"9>7
?>7.1>73145=91(9>931)19G1>5#91>.1>73145=91(9>931)19G1>,5>)CE5>
85>3145=91(9>931)19G1> 
4FGHG;8AG<64G<BA<A 8G&8GG;EBH:;+&A45?87/8<:;G87+86HE8
BAG8KG
!A9BE@4G<BA
,E4AF98E
-91?IEE1>,5CD5B>*>9F5BC9DI1>141-91>29>,1>7*>9F5BC9DI?6,5CD5B>$>D1B9?
1>141 
 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

'19;<)31A);165)5,36<,

)H4AG<9L<A:4A7I4?H4G<A:G;8,86;A<64?85GBA%B5<?8?BH7
4F87+8EI<68$8I8?
5?B79?C(;?EB<5D?@?E<?C*>9F5BC9DI?6#93?C91I@BEC?>CD1>49>?C- "1FB?=?ECD1;9C
*>9F5BC9DI?6#93?C91I@BEC5?B75"1CD?B1;9C)538>?<?7931<4E31D9?>1<>CD9DED5?6
B5D5B5535F1>75<?C%1<<9C)538>?<?7931<4E31D9?>1<>C9DED5?6B5D5B5535?B49
"?>71I1D1<<1,1BC1G*>9F5BC9DI?6)538>?<?7I#1D9?>1<>CD9DED5?6
)5<53?==E>931D9?>C%?<1>45?B79?C ?B=5>DJ1C*>9F5BC9DI?6D855751>B5535 
,BJ4E7F'CG<@4?'HGFBHE6<A:B9+8EI<68HA6G<BA;4<A6EBFF%H?G<C?8?BH7F
E1>85>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(89J8?>7
-E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1-9?>7,1>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1.1>7=9>7/81?(D1D5
*>9F5BC9DI?6#5G.?B;1DE661<?*( 5!9(?ED8G5CD91?)?>7*>9F5BC9DI% ' 89>1
.1>7,1>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1,59,1>7
(D1D5B94(938E1><53DB93%?G5B?B@?B1D9?>% ' 89>1!5"9>!9*>9F5BC9DI?6<53DB?>93
(395>351>4)538>?<?7I?689>1% ' 89>1 
$BJ$4G8A6L.<EGH4?&8GJBE>@5877<A:9BE%B5<?8&8GJBE>F
9?B7?C8?38<941;9C 9>7C?<<575!?>4?>*>9D54 9>74?=+1C9<9CB945B9;?C 9>7C
?<<575!?>4?>*>9D54 9>74?= 
(BJ8EB@C4E<FBAB9?BH74G48AG8EE6;<G86GHE8F
%95DB?'E9ECD9DED?(E@5B9?B5"1B9??5<<1D1<I>4B5191>3?%?<9D53>93?49)?B9>?
D1<I<1E49?91>4B9>?*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7%1?<?9133?>5
%?<9D53>93?49)?B9>?D1<IJ=9DBI <91J?F938*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7 
"B<AG'99?B47<A:86<F<BA4A7*8FBHE68??B64G<BA9BE%H?G<
HF8E%H?G<
G4F>%B5<?8?BH7
"5>7C985>*>9F5BC9DI?6)?B?>D?1>1415>!91>7*>9F5BC9DI?6)?B?>D?1>141
"9>?>7*>9F5BC9DI?6$>D1B9?>CD9DED5?6)538>?<?7I1>141 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

$7-+;9<4++-::

%H?G<
;4AA8?%(EBGB6B?9BEH??
HC?8KB:A<G<I8*47<B&8GJBE>FJ<G;'CG<@<M87668FF
BAGEB?4A7$B474?4A6<A:
)1>)81>8!5B9J?>1(D1D5*>9F5BC9DI*(!?>71?!5#'(*>9F5BC9DI?6&E5253
1>141 
'A'CG<@4?<GLB9%LBC<6(B?<6L<A@H?G<6;4AA8?'CCBEGHA<FG<6668FF
581?,1>7,*)% ' 89>1!9>85>)85*>9F5BC9DI?6%1B9C(E4B1>3598?>7.E
)85*>9F5BC9DI?6%1B9C(E4B1>35 
868AGE4?<M87 8HE<FG<6668FF(B?<6L8F<:A9BE,JBB:A<G<I8+86BA74EL-F8EFHA78E4
(E<@4EL,LC8
! *)(EB68FF
'?781I58?41B1>)5<53?==E>931D9?>'5C51B385>D5BB1>"9385<5/?BJ9*>9F5BC9DI?6
%14?F1D1<I 
868AGE4?<M87(BJ8E??B64G<BA9BE+86BA74EL*4A7B@668FF<AB:A<G<I8*47<B&8GJBE>FJ<G;
+H668FF<I8!AG8E98E8A684A68??4G<BA
E961!9>1>;??;*>9F5BC9DI ?B51 ?:9C8921C89)85*>9F5BC9DI?6<53DB?
?==E>931D9?>C1@1>,?>.?>7(89>1>;??;*>9F5BC9DI ?B51)1;5?E:99)85
*>9F5BC9DI?6<53DB??==E>931D9?>C1@1>
,E478B99<A8?4L BFG 4A7)H4?<GL<A4G4,E4AF@<FF<BA'I8E,./;<G8+C468F
#1F554*<1CC1>!18?B5*>9F5BC9DI?6"1>175=5>D(395>35C%1;9CD1>81E.E5>
(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5"E81==145BC871<D9AE5
!18?B5*>9F5BC9DI?6"1>175=5>D(395>35C%1;9CD1> 
 %
644<51+);165:%0-69@

<3;173-++-::

*84?!AG8E98E8A68?<:A@8AG9BEG;8%!%'%H?G<C?8668FF/<E8G4C;4AA8?
%B9D1="E;85B:55*>9F5BC9DI?6"1BI<1>4*((5>>EB*<E;EC*>9F5BC9DI?6"1BI<1>4
*( 
+<@C?<9<87 4A
#B54L4F;<*8:<BA9BE'A8
+<7874A7%<K874HFF<4A!AG8E98E8A68;4AA8?F
"?:D121+15J9%B9>35D?>*>9F5BC9DI*( +9>35>D%??B%B9>35D?>*>9F5BC9DI*(
AFL@CGBG<64??L4C46<GL
6;<8I<A:+6;8@89BEG;84HFF<4A%H?G<C?8
668FF*8?4L;4AA8?
8=142E<19:1*>9F5BC9DI?6<25BD11>14189>D81)5<<1=2EB1*>9F5BC9DI?6
<25BD11>141 
+G45<?<GL*8:<BAB9,JB
HF8EH??
7HC?8KEB4764FG;4AA8?J<G;+86E86LBAFGE4<AG
%1BD81:9D"?81@1DB1(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5#9;?<1?C
%1@@1C!9>;[@9>7*>9F5BC9DI(G545>5=9>!55(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>4
5C97>(*)(9>71@?B5)?>I& ( &E5;(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>4
5C97>(9>71@?B5+1>75<9C>75<1;9C!9>;[@9>7*>9F5BC9DI(G545> 
!@CEBC8E4HFF<4A+<:A4?<A:<AH??
HC?8K*8?4L;4AA8?FJ<G;*8F<7H4?+8?9
!AG8E98E8A68
"?81=541161B 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B1291"?81==141<1< 81617I 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I
 *()(1E49B1291$C1=1=9> 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I
 *()(1E49B1291"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4
)538>?<?7I *()(1E49B1291 

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

5-9/@)9=-:;15/

A8E:L99<6<8AG+J<G6;<A:58GJ88A4G4,E4AF@<FF<BA4A7A8E:L 4EI8FG<A:9BEBBC8E4G<I8
B:A<G<I8*8?4L<A:+LFG8@F
#9;?<1?C "9B941;9C*>9F5BC9DI?6%9B15ECB5535)85?4?B?C)C96DC9C#1J1B21I5F
*>9F5BC9DI)538>?<?7931<4E31D9?>1<>CD9DED5?65>DB1<B5535 1J1;8CD1>5?B75
<5H1>4B?@?E<?CB1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 B1>35"SB?E1>5
52218E1G59B1>35 
'A?<A8+><*8AG4?9BE+6;87H?<A:+8?9
(BJ8E87 A8E:L 4EI8FG<A:+@4??4F8+G4G<BAF
9<C??!55+9B79>91)538*(,1<94(114+9B79>91)538*("58495>>9C5>DB5?6
,9B5<5CC?==E>931D9?>C*>9F5BC9DI?6$E<E9><1>42?<61J<"582?4>9I1)?8?;E
*>9F5BC9DI1@1>E=9IE;941389)?8?;E*>9F5BC9DI1@1> 
'AG;8(8E9BE@4A68B9/<E8?8FFA8E:L 4EI8FG<A:&8GJBE>F<A4BB?84A
(B<FFBA%B78?
1>15 ?>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B51><9>D#1>I1>7
)538>?<?7931<*>9F5BC9DI(9>71@?B5EC9D#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI
(9>71@?B5#93?<1C%B9F1E<D#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5 
A8E:L 4EI8FG<A:,JB
/4L;4AA8?J<G;86B7<A:BFGF
8=54B161*>9F5BC9DI?6"1BI<1>4?<<575%1B;*(24E<B18=1>1;>9>1*>9F5BC9DI?6
"1BI<1>4?<<575%1B;*((5>>EB*<E;EC*>9F5BC9DI?6"1BI<1>4*( 
'A?<A8?84EA<A:4?:BE<G;@F9BEJ<E8?8FF8A8E:L;4EI8FG<A:AB78F
"1B91B57?B9))(@19>5C]CY=5J+9<1B452Z))(@19> 
 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

%)5,-@65,

(4E8GB
BCG<@4?CCEB46;9BE*8FBHE68??B64G<BABAG;8$,7BJA?<A>
1>E1>7*>9F5BC9DI?6%1B9C(E4B1>35+SB?>9AE5+TAE5*>9F5BC9DI?6%1B9C(E4 
B1>35?1>>1)?=1C9;5>DB1<5(E@S<53*>9F5BC9DS%1B9C(13<1IB1>35 
+GH7L<A:G;8(8E9BE@4A684A7*B5HFGA8FFB9E8DH8A6L??B64G<BA+6;8@8F9BE$, 8G&8GF
(5@94582B189=9',)1385>*>9F5BC9DI5B=1>I1>>5'9989:OBF9',)1385>
*>9F5BC9DI5B=1>I"1B9>1%5DB?F1',)1385>*>9F5BC9DI5B=1>I 
A8E:L99<6<8A6LB9B@5<A87(+4A7",B%(,86;A<DH8<ABJA?<A>$,
8??H?4E
&8GJBE>F
"4 1B814?CC19>1>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I*)
1>7<145C8"41=9E<EAE51>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I
1>7<145C88>16(1;928=141>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I
1>7<145C8 E=E4E("E>1C9>785*>9F5BC9DI?61>25BB1ECDB1<91221C1=1<9@?EB
*>9F5BC9DI?6(I4>5IECDB1<91 
+B9GJ4E8
89<A87E6;<G86GHE89BE&8KG
8A8E4G<BA8??H?4E&8GJBE>F
+1CC9<9?C +1CC9<1;9C*>9F5BC9DI?6,5CD!?>4?>*>9D54 9>74?=?1>>9C"?C38?<9?C
*>9F5BC9DI?6%5<?@?>>5C5B55351>45B<J18B1>9 9>724E<1J9J*>9F5BC9DI(1E49
B1291"93815< !?7?D85D9C*>9F5BC9DI?6%1DB1CB5535 
?8K<5?84??7@<FF<BABAGEB?J<G;(E88@CG<BA<A$,&8GJBE>F
I=5>5<789D8*>9F5BC9DI?6(61H)E>9C91#5CB9>5)EB;9*>9F5BC9DI#)$")E>9C91
5B>1B4?EC9>*>9F5BC9DI?6'5>>5C '('5C51B38!12?B1D?BIB1>35"?81==14(
$21941D?B481=*>9F5BC9DI*(

6*13-(19-3-::-;>692:5;-9)+;1=-

,;E88
,<8E+&4F87<FGE<5HG87%B5<?<GL%4A4:8@8AGE6;<G86GHE89BE8AF8&8GF
2B189=<75>491>25BB1*>9F5BC9DIECDB1<91 E=E4E("E>1C9>785*>9F5BC9DI?6
1>25BB1ECDB1<91221C1=1<9@?EB*>9F5BC9DI?6(I4>5IECDB1<91 
'CG<@<F<A:*4G8?8FFB78F/<G;8?4L87887546>GB%<A<@<F8!A
BE78E8?<I8EL8?4L
?E7<1C!59D8)B9>9DI?<<575E2<9>B5<1>4"?81==14 1BJ1>4)B9>9DI?<<575E2<9>
B5<1>4 
A4?LF<FB9H4E7
54A7
4J4E8+C86GEH@BA7<A:4A7::E8:4G<BA<A%H?G<
;4AA8?668FF
B:A<G<I8*47<B&8GJBE>F
"?81==141F14#?B??J$<9155$B57?>(D1D5*>9F5BC9DI*(5389B1=41?E9$B57?>
(D1D5*>9F5BC9DI*( 
*<A:
54F87<7<E86G<BA4?*BHG<A:(EBGB6B?9BE/<E8?8FF+8AFBE&8GJBE>J<G;%B5<?8+<A>F
5J8?>7(81>7*>9F5BC9DI?6D8589>5C53145=I?6(395>35C% ' 89>1-9E<91>!9E
CDB?>1ED5>D5B?689>1% ' 89>1.1>.1>*>9F5BC9DI?689>5C53145=I?6(395>35C
% ' 89>11?H91>/81>7*>9F5BC9DI?689>5C53145=I?6(395>35C% ' 89>185>7
!9"5=?B91<*>9F5BC9DI?6#5G6?E>4<1>41>141 
'A"B<AG(BJ8E??B64G<BA4A7%H?G<C4G;*BHG<A:<A8@GB
*8?4L&8GJBE>F
(181B?D59D#'(13<1IB1>35%95BB5E81=5<!CC(E@5<53#'(B1>35(1=C?>
!1C1E<35#'((E@5<53B1>35 
LA4@<6+8AF<G<I<GLBAGEB?B9668FF(B<AGF9BE!  4K
" (818G19J61AE9)538>931<*>9F5BC9DI?61D1<?>91*%(@19>4E1B41B391+9<<571C
)538>931<*>9F5BC9DI?61D1<?>91*%(@19><5>1!?@5J7E9<5B1)538>931<*>9F5BC9DI
?61D1<?>91*%(@19>1>95<1=@C9 )(@19> 
4@8,;8BE8G<6CCEB46;9BE4A L5E<7'I8E?4L
-A78E?4L+C86GEH@668FF%B78
(1B1=9B1#(("?81==54+*>9F5BC9DI?6'121D"?B?33?245<<1D96 ?221>5
#(("?81==54+*>9F5BC9DI?6'121D"?B?33?CC194(129B1CC1>*>9F5BC9DI?6
1C12<1>31#(""?B?33?1<5<5>$D8=1>*>9F5BC9DI?6%1B9C B1>35 
 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

6*13- (19-3-::65;-5;1:;91*<;165

%4K<@<M<A:B7<A:4<A<A/<E8?8FF&8GJBE>FJ<G;86B745?8&8GJBE>B7<A:
"1779585>7"9CC?EB9*>9F5BC9DI?6(395>351>4)538>?<?7I*(&E1>=9>.5#?;91
#5DG?B;C*(-91?38E>85>7"944<5C5H*>9F5BC9DI*>9D54 9>74?=!9>19*>9F5BC9DI
?6+93D?B911>141 
HGB@4G<6BAFGEH6G<BAB94E4:8%4CF9BEHGHE8.8;<6?8&4I<:4G<BA+8EI<68
&91>/8?E(D?>IB??;*>9F5BC9DI*(1>.5(D?>IB??;*>9F5BC9DI*(-91?75
,1>7)C9>78E1*>9F5BC9DI% ' 89>1.E1>IE1>.1>7(D?>IB??;*>9F5BC9DI*( 
A;4A6<A:+B9GJ4E8
89<A87*&J<G;B??45BE4G<I846;<A:4A7+64?45?8.<78BB7<A:
'E?J8?E.EB9J?>1(D1D5*>9F5BC9DI*((8E1>7&9>*>9F5BC9DI?6<53DB?>93(395>351>4
)538>?<?7I?689>1% ' 89>1"58495>>9C5>DB5?6,9B5<5CC?==E>931D9?>C
*>9F5BC9DI?6$E<E9><1>4-91>6E85>+)))538>931<'5C51B385>DB5?69><1>49><1>4
1>75>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1/8E1>
*>9F5BC9DI?6?ECD?>*(E?<91>7-E5B9J?>1(D1D5*>9F5BC9DI*( 
+84E6;4F87+B9GJ4E8A:<A88E<A:BAIB?HG<BA4EL%H?G<
'5=86G<I8CCEB46;
24ECI(I1B96*>9F5BC9DI?61ED5<C135B1>35245<816942?E19CC1*>9F5BC9DI?61ED5
<C135B1>35!81CC1>54?E=781B*>9F5BC9DI?61ED5<C135B1>3538=14 ?41B
"5B3EE1>1*>9F5BC9DI>4?>5C91%1C31<!?B5>J*>9F5BC9DI?61ED5<C135B1>35 
%H?G<
<:45<G!A7BBE/$&F$BB><A:8LBA7   M
(G5D1>; E=1B(181*>9F5BC9DI1DE661<?(*#.*(+9B1<+9:1I+9B1*>9F5BC9DI1D
E661<?(*#.*(>E:1B7*>9F5BC9DI1DE661<?(*#.*(9=9DB9?C ?EDC?>9;?<1C
*>9F5BC9DI1DE661<?(*#.*( 

$6.;>)9--.15-,-;>69215/

*8F<?<8AG<FGE<5HG87BAGEB??8E9BE+B9GJ4E889<A87&8GJBE><A:
9?7?"1DD?C*>9F5BC94145545B1<4?'9?451>59B?)B1J9<$DD?1B<?C"  E1BD5
*>9F5BC94145545B1<4?'9?451>59B?B1J9<EI%E:?<<5*>9F5BC9DI%95BB55D"1B95EB95
%1B9C#B1>35 
+B9GJ4E8
89<A87!AG8E
B@4<A*BHG<A:*8I<F<G87
85>85>?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7?!9?>7 ?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7?>7!9>?>7 ?>7*>9F5BC9DI?6
(395>35)538>?<?7I?>7 ?>71?38E>!9*>9F5BC9DI?6)?B?>D?1>141 
!AG8E
6BAGEB??8EGE499<6<A'&'+6?HFG8EF9BE+&A8GJBE>F
2E21;1B(9449AE5"EA1441C%?<9D53>93?49)?B9>?D1<I%1?<?9133?>5%?<9D53>93?49
)?B9>?D1<I>4B5191>3?%?<9D53>93?49)?B9>?D1<IE94?"195B%?<9D53>93?49"9<1>?
D1<I 
8478E$8A:G;*87H6G<BA9BE?BB@<?G8E%H?G<64FGHF<A:+GB6;4FG<6'I8E?4L&8GJBE>F
<5H1>45BB1971B<5D?>*>9F5BC9DI1>1419CG1:9D#1>4I(?<1>1#5DG?B;C1B<5D?>
*>9F5BC9DI1>141?1>>9C!1=2141B9C1B<5D?>*>9F5BC9DI1>141 
+G4G8?8FF@H?G<64FGFJ<G6;<A:<AFB9GJ4E8789<A87A8GJBE>F
"1BD9>'554*>9F5BC9DI?6CC5H*>9D54 9>74?="1IC!#141I*>9F5BC9DI?6CC5H
*>9D54 9>74?=#9;?<1?C)8?=?C*>9F5BC9DI?6CC5H*>9D54 9>74?=9B;)B?CC5>
>D5B979D1<EB?@5*>9D54 9>74?=5?B75%5DB?@?E<?C>DB13?=()5<53?=(?<ED9?>C
B5535(@9B?C(@9B?E>DB13?=)5<53?=B5535  
  $
 7;1+)3-;>692:)5,$@:;-4:

7;1+)3-;>692:.69);)-5;-9:

(EBI<7<A:$<A8
B9
+<:;G<A4E88
+C468
'CG<6F4F874G48AG8EE6;<G86GHE8
"1HEBB1>(D?>IB??;*(9=1>C8EE@D1(D?>IB??;*>9F5BC9DI*(  
('(4FF<I8'CG<64?4G48AG8EE6;<G86GHE8
"1?D?>7-E5?B75,1C89>7D?>*>9F5BC9DI*(8?>7!9E5?B75,1C89>7D?>*>9F5BC9DI
*((EB5C8(E2B1=1>91=)855?B75,1C89>7D?>*>9F5BC9DI*( 
'+BH5?8'CG<6F+<A:?8?86GEBA<6F4G4
8AG8EHF<A:4+J<G6;?8FF'CG<64?EBAGC?4A84A7
46>C?4A8
C8G9>E=1CD5>491>>CD9DED5?6)538>?<?7I?=21I>491>9BE4481(9>78
EC8G181)?=21I>491)1=1<9>5C81C>491>>CD9DED5?6)538>?<?7I?=21I
>491  
+64?45?8E6;<G86GHE84A7$BJ
$4G8A6L+6;87H?<A:+6;8@8F9BE&8KG8A8E4G<BA(;BGBA<6
4G468AG8EF
"?81==14 9159E1G59)538>?<?795C1>1411=94"58BF1BE1G59)538>?<?7I
1>141B935B>95BE1G59)538>?<?7I1>141 
*8I8AH8
'E<8AG874A7J<7G;??B64G<BA<A'CG<64?'%!AGE44G48AG8E&8GJBE>F
.1>!9#1>:9>7*>9F5BC9DI?69>1>351>43?>?=93C% ' 89>1(8961>719#1>:9>7
*>9F5BC9DI?69>1>351>43?>?=93C% ' 89>19>7:9>7.?E#1>:9>7*>9F5BC9DI?69>1>35
1>43?>?=93C% ' 89>1 

 $ 


$36<,644<51+);165:)5,-;>69215/

<;<9--33<3)9-;>692:)5,6*13-36<,647<;15/

4C46<GLEB>8EE6;<G86GHE84A7E4@8JBE>9BE%H?G<
G8A4AGFHCCBEG<A$,
&8GJBE>F
5?B791)C5<9?E$@5>*>9F5BC9DI?61D1<?>91*$(@19> ?>CD1>D9>?C(1=41>9C#
EB?@5!D4 5B=1>I5BB1>45<1>D14?*>9F5BC9D1D$25BD1451D1<E>I1(@19>-1F95B
?CD1%SB5J#EB?@5!D45B=1>I8B9CD?C+5B9;?E;9C)5<53?==E>931D9?>C
)538>?<?7931<5>DB5?61D1<?>91(@19> 
*8FBHE68??B64G<BA9BE-C?<A>'%
*&FJ<G;$<@<G87B@CHG4G<BA4A7EBAG;4H?4C46<GL
+E#7EI5>1#'(*>9F5BC9DI?6&E52531>141!?>71?!5#'(*>9F5BC9DI?6
&E52531>141 
BFG
9986G<I8*8FBHE68??B64G<BA<A
*&J<G;%B5<?8?BH7
5J89,1>7*>9F5BC9DI?6CC5H*>9D54 9>74?= E>.1>7*>9F5BC9DI?6CC5H*>9D54
9>74?=-9>8?E,1>7E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1
81D8EB1(1B1D8381>4B1"17EB1G1<175*>9F5BC9DI?6CC5H*>9D54 9>74?= 
A8E:L99<6<8AG?BH7*47<B668FF&8GJBE>J<G;4+<A:?8*AG8AA4
!9>/8?E*>9F5BC9DI?649>2EB78*>9D54 9>74?=)81B=1<9>71='1D>1B1:18)85
*>9F5BC9DI?649>2EB78*>9D54 9>74?=91>7-E5)85*>9F5BC9DI?649>2EB78$"
*>9D54 9>74?=1855=  81>*>9F5BC9DI?649>2EB78*>9D54 9>74?= 
<FG<5HG87%B5<?8?BH7B@CHG<A:@H?G<
HF8E?HFG8E<A:+B?HG<BA
5CC931$E59C!)*>9F5BC9DI?6B5>?2<5B1>35=9<9?1<F1>5C5(DB9>1D9
!)B1>35(5B79?1B21B?CC1(1@95>J1*>9F5BC9DI?6'?=5D1<I 
 $$
$644<51+);165:.69;0-$4)9;91,

644<51+);165:.69;0-$4)9;91,5;-9)+;1=-

'A B@B@BEC;<6A6ELCG<BA9BE(E<I46L
CE8F8EI<A:<FGE<5HG87$B4774CG<BA<A+@4EGE<7F
1>95<B5DDC38>5945B*>9F5BC9DI?6@@<954(395>35C$C>12B^3;5B=1>I1>95<[<;5B
*>9F5BC9DI?6@@<954(395>35C$C>12B^3;5B=1>I'1<6)[>:5C*>9F5BC9DI?6@@<954
(395>35C$C>12B^3;5B=1>I<6B54(3855B8?B>*>9F5BC9DI?6@@<954(395>35C$C>12B^3;
5B=1>I 
B@<AB8FJ<G;B@@HA<64G<BAF'A;4E46G8E<M<A:G;8(EB:E8FFB94F647<A:4<?HE8F<A+@4EG
E<7
"9>7;E9,59#?BD81B?<9>1(D1D5*>9F5BC9DI*(/8E?!E*>9F5BC9DI?6"5=@89C*(
,5>I5,1>7#(D1D5*>9F5BC9DI*( 
+B9GJ4E889<A87&8GJBE><A:9BE*8F<?<8AGB@@HA<64G<BAF<A+@4EGE<76G<I8<FGE<5HG<BA
&8GJBE>F
24E<<18I4575B<?B941>D5B>1D9?>1<*>9F5BC9DI*( 5=1<;;1I1<?B941>D5B>1D9?>1<
*>9F5BC9DI*("58=5D9>DE7<E<?B941>D5B>1D9?>1<*>9F5BC9DI*( (5<3E;*<E1713
<?B941>D5B>1D9?>1<*>9F5BC9DI*($C1=1"?81==54<?B941>D5B>1D9?>1<*>9F5BC9DI
*( 

 $6%
$5;-95-;6.%015/:

36<,,/-647<;15/)5,6%

<:;+64?45<?<GL9BE?BH7
4F87!B, %%+LFG8@F
4E1B4?5BB9D?C#1D9?>1<891?)E>7*>9F5BC9DI)19G1>E38E>?C5@8!9>#1D9?>1<891?
)E>7*>9F5BC9DI)19G1>?CS45<11CD9411CD9<<?#1D9?>1<891?)E>7*>9F5BC9DI
)19G1> 
!B,?BH7
54F87<FGE<5HG<BA+LFG8@+G4G8FG<@4G<BA.<EGH4?'5=86GF4A7BAG8KG
J4E8A8FF
<5CC9?"5<?>9*>9F5BC9DI?617<91B9D1<I%1?<?DD9<9?%57?B1B?*>9F5BC9DI?617<91B9
D1<I!E979DJ?B9*>9F5BC9DI?617<91B9D1<I%1?<?1CD5<<?*>9F5BC9DI?617<91B9D1<I
(1B1(E<9C*>9F5BC9DI?617<91B9D1<I 
3,EHG;9H?!A68AG<I8%86;4A<F@9BE%H?G<C?8B??45BE4G<I8,4F>F<A%B5<?8?BH7
(8EIE>!E?59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.?>7=59(E>
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1/85>IE>,5>5>D5B6?B
>D5<<975>D(ICD5=C1>4D859B@@<931D9?>C*>9F5BC9DI?649>2EB78*>9D54 9>74?=9
.E565>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1  
+&
54F87E6;<G86GHE89BE BE<MBAG4?!AG8EA8GB9,;<A:F+8EI<68F
.E8?>7!959:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1-91>7(E
*>9F5BC9DI?6$E<E9><1>4E;;1'95;;9*>9F5BC9DI?6$E<E9><1>4)85?  1>D5B
(D?3;8?<=*>9F5BC9DI(G545>'189='18=1>9(D?3;8?<=*>9F5BC9DI(G545> 
?HFG8E4F87B@CHG4G<BA'99?B47<A:,86;A<DH89BE%B5<?8?BH7B@CHG<A:<A+@4EG<G<8F
1>95<1"1JJ1*>9F5BC9DI?6?<?7>1D1<I1>95<5)1B389*>9F5BC9DI?6?<?7>1D1<I
9?F1>>9=1>E5<5?B1JJ1*>9F5BC9DI?6?<?7>1D1<I  

 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4



8LBA7<K87&8<:;5BE;BB7+84E6;<AG;8$<>8?<;BB7F68AG?:BE<G;@9BE%!%'+LFG8@F
281I E=1B(18) 1>@EB>491:9D 81DEBF549>491>>CD9DED5?6)538>?<?7I
1>@EB>491  
!AG8E98E8A68
J4E8%H?G<
!G8E4G<I8DH4?<M4G<BA4A78G86G<BA9BEE8DH8A6L
+8?86G<I8%!%'
;4AA8?F
)?291C(5965BD)538>9C385*>9F5BC9DODB5C45>5B=1>I-91?81>7(?>7)*B5C45>
5B=1>I5B81B45DDG59C)538>9C385*>9F5BC9DODB5C45>5B=1>I  
(E46G<64?B@C?8K#2*87H6G<BA?:BE<G;@9BE&84E
'CG<@4?%!%'+!8G86G<BA
!9A9>9>71B29>>CD9DED5?6)538>?<?7I% ' 89>1,1>7.1>71B29>9>CD9DED5?6
)538>?<?7I% ' 89>19<91>7/81>71B29>>CD9DED5?6)538>?<?7I% ' 89>1 
A4?B:4A7+H668FF<I8;4AA8?DH4?<M4G<BA<A+GEBA:$<A8
B9
+<:;G%!%'B@@HA<64G<BA
-91?81>7(?>7)*B5C45>5B=1>I,?<671>7'1F5B5C45>*>9F5BC9DI?6)538>?<?7I
5B=1>I5B81B45DDG59C)538>9C385*>9F5BC9DODB5C45>5B=1>I 
A;4A687$BJ
B@C?8K<GL$4L8E
'E78E<A:9BE%!%'+C;8E88G86GBEF
149(1B954455>=5B931>*>9F5BC9DI?659BED!521>?>"?81==14"1>C?EB=5B931>
*>9F5BC9DI?659BED!521>?> 

,=)5+-,#-+-1=15/%-+0518<-:5;-9)+;1=-

%H?G<HF8E8G86G<BA5L%(FG<@4G<BAJ<G;+H@
B9
5FB?HG8
.4?H8F*8?4K4G<BA
1=@59(1C181B1)?;I?>CD9DED5?6)538>?<?7I1@1> 1JE>?B91I1C89 I?D?
*>9F5BC9DI1@1>"1C11;9#17181B1)85*>9F5BC9DI?6 9D1;IEC8E1@1> 
4L8F<4A$84EA<A:BE,;8,LC8
"B<AG+C4EF8+<:A4?*86BI8EL
,5985>59:9>791?D?>7*>9F5BC9DI% ' 89>11>1=5C,1CC5<<*>9F5BC9DI?6
1=2B9475*>9D54 9>74?= 
!G8E4G<I886B7<A:,86;A<DH8F9BE*<A:
GLC8%4:A<GH78%B7H?4G87+<:A4?F
"MB9?1CD1>859B1>CD9DED?45)5<53?=E>931R\5C*>9F5BC9DI?6?9=2B1%?BDE71<>DY>9?
(9=\5C>CD9DED?45)5<53?=E>931R\5C*>9F5BC9DI?6?9=2B1%?BDE71<"1B3? 
?=5C*>9F5BC9DI?6?9=2B1%?BDE71<'E99>9C13E<4145459U>391C5)53>?<?791
*>9F5BC9DI#?F145!9C2?1%?BDE71<+9D?B(9<F1>CD9DED5?6)5<53?==E>931D9?>C%?BDE71< 
4FG*868<I8E+8AF<G<I<GL!78AG<9<64G<BA%8G;B79BE/<E8?8FF+LFG8@F
/89&E1>(?ED85B>*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1"9>785/8E
(81>7819)538*>9F5BC9DI% ' 89>1(8E7E1>7E9)5H1C"*>9F5BC9DI*( 
A;4A687+<A:?84EE<8E!G8E4G<I8!AG8E98E8A684A68??4G<BAE8DH8A6LB@4<ADH4?<M4G<BA
"1BD9>B9DJ(?>I5B=1>I'1>18=54#?;915<<!12C5B=1>I5>9D5<
(?>I5B=1>I 

 ($
(19-3-::644<51+);165:$@476:1<4

$4)33-33:)5,-;-96/-5-6<:-;>692:

)B+
4J4E8+6;87H?<A:9BE+@4??8??%<??<@8G8E/4I8%8F;46>;4H?
.E>/8E*>9F5BC9DI?6<?B941*(.?>7#9E)C9>78E1*>9F5BC9DI% ' 89>19145!9
*>9F5BC9DI?6<?B941*(1@5>7$<9F5B,E*>9F5BC9DI?6<?B941*(.?>7!9)C9>78E1
*>9F5BC9DI% ' 89>15@5>79>)C9>78E1*>9F5BC9DI% ' 89>1 
?HFG8E
8AGE<646;8-G<?<M4G<BA8F<:A<ABBC8E4G<I8+@4??8??&8GJBE>F
/85>785>5>DB1<5(E@S<53#'(*>9F5BC9DS%1B9C(E4B1>355=9>!55(9>71@?B5
*>9F5BC9DI?6)538>?<?7I1>45C97>(*)(9>71@?B5)?>I& ( &E5;(9>71@?B5
*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5"1B9?C ?E>D?EB9CE1G59)538>?<?795C
B1>35 
(8E9BE@4A68A4?LF<FB9+%J<G;!AG8E
G<8E!AG8E98E8A68&H??<A:<A 8G&8GF
.1=E>18E>71>1*>9F5BC9DI?6<25BD11>14189>D81)5<<1=2EB1*>9F5BC9DI?6
<25BD11>141 
<FGE<5HG87BJA?<A>-F8EFFB6<4G<BA<A+@4??8??&8GJBE>FJ<G;A8E:L 4EI8FG<A:
(5D1B58"178CE49*>9F5BC9DI?6"1>9D?211>141;B1=?CC19>*>9F5BC9DI?6"1>9D?21
1>141 
'AG;8(8E9BE@4A68B97I4A687*868<I8EF<A-AFLA6;EBA<M87+@4??8??$,&8GJBE>F
(D1>9C<1ECG5<C;9*>9F5BC9DI?6E9C2EB7CC5>5B=1>IB61>"1:554*>9F5BC9DI?6
E9C2EB7CC5>5B=1>IE94?BE3;*>9F5BC9DI?6E9C2EB7CC5>5B=1>I%5D5BE>7
*>9F5BC9DODE9C2EB7CC5>5B=1>I  

$4)9;5;-55):

,JB
+G8C,E4AF@<GAG8AA4+8?86G<BA?:BE<G;@F9BE%4FF<I8%!%'
9>7?>?E>78E>7>7*>9F5BC9DI ?B51(E=59(E>>CD9DED56?B>6?3?=='5C51B38
(9>71@?B5  
%!B@@HA<64G<BAEB@,;8BE8G<64?%B78?<A:GB(E46G<64?8F<:A
?>7J89E?(D1D5*>9F5BC9DI?6#5G.?B;1DE661<?*(/89(E>(D1D5*>9F5BC9DI?6#5G
.?B;1DE661<?*( 
,HA45?88A8E4G<BA4A7A:H?4E+G88E<A:B94%<??<@8G8E
/4I8'E5<G4?
A:H?4E
%B@8AGH@
84@HF<A:<998E8AG<4?,<@88?4LF<A4<E6H?4EAG8AA4EE4L
E?4?>7-95*>9F5BC9DI?6(?ED85B>1<96?B>91*(.1>.1>*>9F5BC9DI?6(?ED85B>
1<96?B>91*(/85/81?*>9F5BC9DI?6(?ED85B>1<96?B>91*(!?>7!9*>9F5BC9DI?6
(?ED85B>1<96?B>91*(.?>7H9?>7'5>*>9F5BC9DI?6(?ED85B>1<96?B>91*(#9C1B
8=54*>9F5BC9DI?6(?ED85B>1<96?B>91*(C85B,9<<>5B*>9F5BC9DI?6(?ED85B>
1<96?B>91*(81>7:9>71?*>9F5BC9DI?6(?ED85B>1<96?B>91*(/85,1>7
*>9F5BC9DI?6(?ED85B>1<96?B>91*(?>7!9E*>9F5BC9DI?6(?ED85B>1<96?B>91*(
#9=1C8B169*>9F5BC9DI?6)5H1C1D1<<1C#H5>%1BD>5BC*((?<I=1>C8B169#H5>
%1BD>5BC*((89<@1)1<G1B>D5<*((?:9(1:EI9725>D5<!12C>D5<?B@?B1D9?>
*("?C85)EB)5<F9F*>9F5BC9DICB15<>4B51C"?<9C38*>9F5BC9DI?6(?ED85B>
1<96?B>91*(<1>,9<<>5B*>9F5BC9DI?6(?ED85B>1<96?B>91*(  
+<@H?G4A8BHF,E4AF@<FF<BA'CCBEGHA<G<8F9BE$,
$+@4??68??FB8K<FG<A:J<G;/<<<A
-A?<68AF87+C86GEH@
!?>7!9*>9F5BC9DI?6(856695<4*>9D54 9>74?==9B161B9*>9F5BC9DI?6(856695<45<<
!12C#?;91*>9D54 9>74?=-91?<98E*>9F5BC9DI?6(856695<4*>9D54 9>74?=95/81>7
*>9F5BC9DI?6(856695<45@D ?6<53DB?>931>4<53DB931<>79>55B9>7*>9D54 9>74?= 
*86BA9<:HE45?8AG8AA4
4F87+C468
+;<9G#8L<A:9BE+C86GEH@+;4E<A:+LFG8@F
/954?E941)5H1C"*>9F5BC9DI1D&1D1B&1D1B1CC1><(1<<129)"*&&1D1B
"?81=54" 241<<18)5H1C"*>9F5BC9DI1D&1D1B&1D1B<98B1I52)5H1C"
*>9F5BC9DI1D&1D1B&1D1B 81<94 &1B1A5)5H1C"*>9F5BC9DI1D&1D1B*( 

)::1=- 

"B<AGHEFG$++'9BE+C4EF8;4AA8?FG<@4G<BA<A%H?G<
HF8E%4FF<I8%!%'
>!9E?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7+9>35>D!1E?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7,5919=@5B91<?<<575*>9D54
9>74?= 
*4A7B@84@9BE@<A:9BE%H?G<HF8E%H?G<C?8K<A:<ABJA?<A>BEE8?4G87*<6<4A;4AA8?
,5>29>(E>1B29>>CD9DED5?6)538>?<?7I% ' 89>1&9IE5.E1B29>>CD9DED5?6
)538>?<?7I% ' 89>1,59H91?"5>71B29>>CD9DED5?6)538>?<?7I% ' 89>185>7!9
"5=?B91<*>9F5BC9DI?6#5G6?E>4<1>41>141 
?<A7!AG8E98E8A68?<:A@8AGF6;8@89BECE46G<64?6;4AA8?F
"MH9=?"?B1<5CSC@545C*>9F5BC9DS1D8?<9AE545!?EF19>(@19>?B75%<1D181F5C
 1D8?<95;5*>9F5BC9D59D!5EF5> *!5EF5>5<79E=>11B391B=141*>9F5BC9414
1B<?C45"14B94(@19>!E3+1>45>4?B@5*>9F5BC9DS31D8?<9AE545!?EF19>5<79E= 
8A8E4?A4?LF<FB9%H?G<HF8E%!%'+LFG8@F/<G;*8:H?4E<M8728EB
BE6<A:(E86B7<A:-A78E
+C4G<4??LBEE8?4G87*4L?8<:;47<A:;4AA8?F
1BC8)1D1B91+93D?B91*>9F5BC9DI?6,5<<9>7D?>#5G/51<1>4%5D5B(=9D8+93D?B91
*>9F5BC9DI?6,5<<9>7D?>#5G/51<1>4%1G5< =?38?GC;9+93D?B91*>9F5BC9DI?6
,5<<9>7D?>#5G/51<1>4"1>C??B(8169(@1B;#5G/51<1>4!D4+93D?B91*>9F5BC9DI
,5<<9>7D?>#5G/51<1>4 
EEBE(EB545<?<GL4A7%HGH4?!A9BE@4G<BAA4?LF<FBA8A8E4?<M87(E86B787+C4G<4?%B7H?4G<BA
+LFG8@
/85385>7>)C9>78E1*>9F5BC9DI% ' 89>1E>,1>7)C9>78E1*>9F5BC9DI59:9>7% '
89>19>D1?,1>7)C9>78E1*>9F5BC9DI% ' 89>191>(?>7)C9>78E1*>9F5BC9DI% '
89>1 

)5,<3;1+)991-9$@:;-4:5;-9)+;1=-

(8E9BE@4A68A4?LF<FB9CBJ8E4??B64G<BA4A7*8?4L4FF<:A@8AG<A'%+LFG8@F
>1894DD1B;1C81>9?>3?B491*>9F5BC9DI1>141,1<111=?E41?>3?B491*>9F5BC9DI
1>141 
*(8E9BE@4A68+GH7LB9 4A7
%
++
(D5@85>>4B5G!1B1G1I*>9F5BC9DI?6*D18*(ECC59>"?B149418?#1D9?>1<
!12?B1D?BI*(58B?EJ1B81>7?B?E:5>I*>9F5BC9DI?6*D18*( 
)B+
J4E8;4AA8?
/<7G;74CG4G<BA<A/<E8?8FF%8F;&8GJBE>F
1?!9*>9F5BC9DI?6(856695<4*>9D54 9>74?=9<91>7/81>71B29>>CD9DED5?6
)538>?<?7I% ' 89>1&9?>7*>9F5BC9DI?6(856695<4*>9D54 9>74?=E9/85>7)85
*>9F5BC9DI?6(856695<4*>9D54 9>74?=,1>7.1>71B29>9>CD9DED5?6)538>?<?7I% '
89>195/81>7*>9F5BC9DI?6(856695<45@D ?6<53DB?>931>4<53DB931<>79>55B9>7
*>9D54 9>74?= 
"B<AG-C?<A>4A7BJA?<A>*8FBHE68??B64G<BA<AH??
7HC?8K'%&8GJBE>F
(1-91?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(85>7:95E?
!?E9C91>1(D1D5*>9F5BC9DI*(-91>7G59/8?E!?E9C91>1(D1D5*>9F5BC9DI*(1AE1>
5>7(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5.9.E1>,E$B1>75!12C
B1>355?66B5I!95?B791)538*(E?,59#1D9?>1<?==E>931D9?>)538>?<?7I 5I
!% ' 89>1 

 $
,06+)5,$-5:69-;>69215/$@476:1<4

6*13-)5,'-01+<3)9,6+-;>692:

%H?G<
BC*8?<45<?<GL9BEEB4764FG
54F87.&,<A<GLAI<EBA@8AGF
,95=5>B8195=*>9F5BC9DI?6"?>DB51<1>141245<81;9=1694*>9F5BC9DI?6"?>DB51<
1>141%B1D1@ E=1B(18E*>9F5BC9DI?6"?>DB51<1>141 
'AG;8!@C46GB97=468AG;4AA8?!AG8E98E8A68<A%H?G<
;4AA8?.&,F
<1E4911=@?<?*>9F5BC9DI"549D5BB1>51?6'5779?1<12B91D1<I8B9CD?@8(?==5B
%145B2?B>*>9F5BC9DI5B=1>I1<;?B5CC<5B*>9F5BC9DI?6%145B2?B>5B=1>I
>D?>5<<1"?<9>1B?*>9F5BC9DI"549D5BB1>51?6'5779?1<12B91D1<I  
A899<6<8AG+ HG<?<M4G<BAF6;8@89BE!  @H?G<
6;4AA8?8AI<EBA@8AGF<A.&,F
5E;!555?B791>CD9DED5?6)538>?<?7I*((I541CC1>8=54 IE>7@??;#1D9?>1<
*>9F5BC9DI ?B51?>7;IE> 9= IE>7@??;#1D9?>1<*>9F5BC9DI?8> ?@5<1>4
5?B791>CD9DED5?6)538>?<?7I*(.ECE>81>7 5>>5C1G(D1D5*>9F5BC9DI)85
5?B791>CD9DED5?6)538>?<?7I*(  
,84@B@@HA<64G<BA+GE4G8:L9BEB??45BE4G<I8KC?BE4G<BA5LHGBAB@BHF.8;<6?8F
;89<1'1?(G549C8>CD9DED5?6?=@ED5B(395>35!E<5Q*>9F5BC9DI?6)538>?<?7I
(G545>58=95>245CC<5=(G549C8>CD9DED5?6?=@ED5B(395>35(G545>>45BC
!9>47B5>(G549C8>CD9DED5?6?=@ED5B(395>35(G545>BDEB/9F91>9!#B1J9< 
%H?G<J4I8&BI8?.8;<6?8+G88E<A:(4GG8EA8G86G<BA%8G;B754F87BA+@4EGC;BA8F
/85>381?$EI1>7*% ' 89>191>G59#9E5981>7*>9F5BC9DI% ' 89>1.E!9E
5981>7*>9F5BC9DI% ' 89>1?5< %  '?4B97E5C>CD9DED?45)5<53?=E>931R\5C
*>9F5BC9DI?659B1>D5B9?B%?BDE71<  
 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

6*13-)5,(19-3-::-;>692$-+<91;@

(EB46G<I84I8F7EBCC<A:I<4B:A<G<I8"4@@<A:<A47<A:;4AA8?F
95-E(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5!9>7:95E1>(9>71@?B5
*>9F5BC9DI?6)538>?<?7I1>45C97>(*)(9>71@?B5'E9/81>7#1D9?>1<*>9F5BC9DI?6
(9>71@?B5(9>71@?B5 
AEEBE(EB545<?<GLA4?LF<FB9"4@@<A::4<AFG/<E8?8FF&8GJBE>F
(1989B1:=EBE(1=CE>7>4911B@B55D(89<<?>+9B79>91)538*("93815<E58B5B
+9B79>91)538*( 
'A6;<8I45?8+86E86L*4G85L&B<F8::E8:4G<BABI8E/<E8?8FF47<A:;4AA8?F
&91>-E-91>91?D?>7*>9F5BC9DI% ' 89>1%9>I9'5>-91>91?D?>7*>9F5BC9DI% '
89>1&9>785E-91>91?D?>7*>9F5BC9DI% ' 89>1!9(E>-91>91?D?>7*>9F5BC9DI
% ' 89>1.9385>,1>7-91>91?D?>7*>9F5BC9DI% ' 89>1 
!A9BE@4G<BA+;4E<A:<ABBC8E4G<I8&8GJBE>F48A8E<6,EHFGJBEG;L!FFH8
8E>H91?91>7)C9>78E1*>9F5BC9DI59:9>7% ' 89>1.?>7'5>)C9>78E1*>9F5BC9DI
59:9>7% ' 89>1C91?G185>#1D9?>1<85>7 E>7*>9F5BC9DI)19G1>"?8C5>
E9J1>9&**( 
H<?7<A:+HFC<6<BHFA8FF4F647<A:E4C;BI8E%H?G<C?8 BFGF9BE8G86G<A:,4E:8G87GG46>F
#?2ED1;1 1G17E3899D1389<D4 1@1>945IE;9)?=9=EB19D1389<D4 1@1>"1=?BE
)CE938981B19D13894F1>354(ICD5=C?B@?B1D9?>1@1> 

7731+);165$-+<91;@5;-9)+;1=-

/;B?8 B@8(EBK<8FE<A:<A:AG8ECE<F8
E478+86HE<GLGB*8F<78AG<4?&8GJBE>F
EBD9C)1I<?B,?B35CD5B%?<ID538>93>CD9DED5*(B197 (8E5,?B35CD5B%?<ID538>93
>CD9DED5*("?81=54 #1:4,?B35CD5B%?<ID538>93>CD9DED5*( 
BAG8AG54F87!@4:8HG;8AG<64G<BAJ<G;EEBEBEE86G<BA
$2194*B'58=1>*>9F5BC9DI?6(9575>5B=1>I#1D1C1/9F93*>9F5BC9DI?6(9575>
5B=1>I8B9CD?@8'E<1>4*>9F5BC9DI?6(9575>5B=1>I 
(EBGB6B?
<A78C8A78AG!78AG<9<64G<BAB9A6ELCG87.<78B,E499<6+BHE68F-F<A:,E499<6A4?LF<F
.1>(89"938971>(D1D5*>9F5BC9DI*((E29B9CG1C"938971>(D1D5*>9F5BC9DI*( 
(B?4E<M4G<BA54F87F86HE8+>8LGE4AF@<FF<BABI8EBCG<64?9<58E
(8G5D18?C1<5*>9F5BC9DI?6$;<18?=1*(817I1C8B91BE>;1B*>9F5BC9DI?6
$;<18?=1*(#9;89<%E>5;1B*>9F5BC9DI?6$;<18?=1*(B57?BI"13?>1<4
*>9F5BC9DI?6$;<18?=1*(%B1=?45 +5B=1)85*>9F5BC9DI?6$;<18?=1*( 
+<@C?8!AGEHF<BA8G86G<BA%8G;B79BE&
I=5>?E47E971')(ICD5=-B1>35,9D?<4 <1E45<'5>1E<DB1>35>D?9>5
?E<1>75B%(B1>35%1C31<89B?>%(B1>35 

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

<3;14-,1)644<51+);165:

AG<6<C4GBEL*47<B*8FBHE68%4A4:8@8AG9BE%B5<?8.<78B+GE84@<A:J<G;$<A84E(EB:E4@@<A:
9=9DB9?C)C9<9=1>D?CB1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 B1>35
=1I1#?71<5C?=5JE1G59)538>?<?795CB1>35(D561>+1<5>D9>E1G59
)538>?<?795CB1>35 
-A78EFG4A7<A:G;8*8?4G<BAF;<CF58GJ88A(8E9BE@4A68%8GE<6F4A7)B9BE'I8E
,;8
,BC.<78B
,59G59!9*>9F5BC9DI?6)?B?>D?1>141%5DB?C(@138?C*>9F5BC9DI?6E5<@81>141
"1B;897>5<<*>9F5BC9DI?6)?B?>D?1>141<25BD?!5?>1B391*>9F5BC9DI?6)?B?>D?
1>141!5?>/E385B=1>)!*(1>1419591>7)!*(1>141 
,BJ4E7F*87H687*898E8A68(4E4@8GE<6%B78?F9BEFG<@4G<A:H7<BI<FH4?)H4?<GL<A%H?G<@87<4
+8EI<68F
49@5=9B29<5;>CD9DED#1D9?>1<45<1'5385B385(395>D969AE51>14151>81B<5C
BS7?9B5*>9F5BC9DI?6&E5253#'(1>141  
.<78B4C46<GLBI8E58LBA7
A8GJBE>F
=1>1CC1<*>9F5BC9DI?6B9D9C8?<E=2911>141IB9<!5E>7)85*>9F5BC9DI?6B9D9C8
?<E=2911>141 
&BA
BA9BE@<A:8;4I<BE8G86G<BA9BE.B!(
4F87&8GJBE>+LFG8@F
%1>179?D9C1<9?D?C*>9F5BC9DI?6%1DB1CB55358B9CD?C>17>?CD?@?E<?C*>9F5BC9DI?6
%9B15ECB5535)1C?C179E;<1C5<<5>93$@5>*>9F5BC9DI*>9F5BC9DI?6%1DB1CB5535
(D1FB?C ?DC?@?E<?C*>9F5BC9DI?6%1DB1CB5535  

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

$7-+;9<4$0)915/

$<68AF87
FF<FG87668FF9BE$,<A-A?<68AF87+C86GEH@%(EBGB6B?8F<:A
(89I9>71>#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5.9>781>7!91>7>CD9DED56?B
>6?3?=='5C51B38(9>71@?B5&91>85>>CD9DED56?B>6?3?=='5C51B38(9>71@?B5
??>55(??>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5  
'CG<@<M<A:'HG7BBE/;<G8
<&8GJBE>F<A,./;<G8+C468F
(>5989<?@1<)5<89>491(1>:9D 1E<)5<89>491(E=9D'?I*>9F5BC9DI?6
,1C89>7D?>*( 
::E8:4G<BA<A,./;<G8+C4684A7FF8FF@8AGB94A::E8:4G<BA
4C45?8!  /;<G8
+C4688I<68
$<9F5B?<<1>4 9>7C?<<575!?>4?>*>9D54 9>74?=4>1>9:1J)?C8921'5C51B38
EB?@5!D4*>9D54 9>74?=(8EIE%9>7 9>7C?<<575!?>4?>*>9D54 9>74?=(D1>
,?>7 9>7C?<<575!?>4?>*>9D54 9>74?=1>5"13;>D5B979D1<?==E>931D9?>C
>3 *(!9C1!1=>D5B979D1<?==E>931D9?>C>3 *(<5:1>4B?45<1E5>D5
*>9F5BC94141B<?C45"14B94(@19> 
<FGE<5HG878F<:A9BE4<EB8K<FG8A68<A,./+
+9D?)B91>>9#1D9?>1<'5C51B38?E>39<#'D1<I>75<1(1B113391@E?D9*>9F5BC9DI?6
#1@<5C545B93?D1<I"1B35<<?1<5669*>9F5BC9DI?6#1@<5C545B93?D1<I 
&8J$+
54F87CCEB46;9BE+C86GE4?B8K<FG8A68B9%!%'*474EF4A7/<E8?8FF
B@@HA<64G<BAF+LFG8@F
2D981<  .?EC96*>9F5BC9DI?649>2EB78*>9D54 9>74?="9<D9145C 9<9@@?E>D5<
5B=1>I=25B=1>I1855=  81>*>9F5BC9DI?649>2EB78*>9D54 9>74?=
)81B=1<9>71='1D>1B1:18)85*>9F5BC9DI?649>2EB78*>9D54 9>74?="1D89>9(5<<1D8EB19
5B9?D,1DD*>9F5BC9DI*>9D54 9>74?= 

 %
644<51+);165:%0-69@

6,15/

A!@CEBI878F<:AB9'I8E?4CC87;HA>87B78F
9>)1>7#1>:9>7*>9F5BC9DI% ' 89>1(85>781?.1>7)8589>5C5*>9F5BC9DI?6?>7
?>7(85>J85>% ' 89>1 
!AG8ECB?4G<BA4F87(EB:E8FF<I8?:85E4<6;4F886B7<A:B9*887
+B?B@BAB78F
91>385>7/81?(E>.1DC5>*>9F5BC9DI% ' 89>1!985>(E>.1DC5>*>9F5BC9DI% '
89>1-91?"1(E>.1DC5>*>9F5BC9DI% ' 89>1"1BD9>?8>CD?>#5G31CD<5*>9F5BC9DI
*>9D54 9>74?= 
&BA
+HE=86G<I8<A<G8?C;458G!G8E4G<I886B78EF
)895>)BE?>7#7EI5>!I!)B1>35 8?1!5)BE>7*>9F5BC9DI?65B7I%?>D?9C5
#(#'(B1>35+1<5>D9>(1F9>!)B1>351F9453<5B3A)(#(
E>9F
?65B7I%?>D?9C5
#'(B1>351;8B5449>581661B9#(B1>35$1>1?>31<?
*>9F5BC9DI%?<9D58>931)9=9C?1B1'?=1>91 
99<6<8AG,E4AF@<FF<BA+6;8@8F9BEBEE86G<A:!AF8EG<BAF 8?8G<BAF<A((%
,5971>785>)91>:9>*>9F5BC9DI% ' 89>1.E1>!9E)91>:9>*>9F5BC9DI% ' 89>1 
(;LF<64?
$4L8E&8GJBE>
B7<A:BI8E?B6>47<A:;4AA8?FJ<G;*BBG
$$4GG<68B78F
%9>78E>7,1>7)5H1C"*>9F5BC9DI*(.E898E1>7#1D9?>1<)19@59*>9F5BC9DI
)19G1> B9C8>1#1B1I1>1>)5H1C"*>9F5BC9DI*(?C5@851>?EDB?C)5H1C"
*>9F5BC9DI1D&1D1B&1D1B 

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

(19-3-::!6>-9

*8FBHE68??B64G<BA<A/<E8?8FF(BJ8E87*8?4L&8GJBE>F,;EBH:;&4F;4E:4<A<A:4@8
/9:95/85>7%5;9>7*>9F5BC9DI% ' 89>1!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1
EC9D#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5/8E1>*>9F5BC9DI?6?ECD?>
*( 
#
G<8E 8G8EB:8A8BHF8??H?4E&8GJBE>FJ<G;/<E8?8FF(BJ8E,E4AF98E
.1>C815>7 9>7C?<<575!?>4?>*>9D54 9>74?=!965>7,1>7*>9F5BC9DI?<<575
!?>4?>*>9D54 9>74?="1754<;1C8<1>&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54
9>74?="1B3?9'5>J?%1B9C(13<1I*>9F5BC9DI
#'(B1>359>8?>7.E1>*>9F5BC9DI
?6#5G(?ED8,1<5CECDB1<91 
'CG<@4?%H?G<HF8E+6;87H?<A:9BE/<E8?8FF(BJ8E87B@@HA<64G<BA+LFG8@F
.1>7!9-91>91?D?>7*>9F5BC9DI% ' 89>1'E9,1>7)85(?ED8*>9F5BC9DI?6(395>35
1>4)538>?<?7I?689>1% ' 89>1-E5G5>!91?-91>91?D?>7*>9F5BC9DI% ' 89>1
(898E1/8E-91>91?D?>7*>9F5BC9DI% ' 89>1 
'CG<@4?(BJ8E??B64G<BA4A7*8?4L(?468@8AG9BE/<E8?8FF!A9BE@4G<BA4A7*(BJ8E,E4AF98E
55@1;"9C8B1>491>>CD9DED5?6)538>?<?7I5<89>491(G145C5>491>>CD9DED5?6
)538>?<?7I5<89>491 
+<@H?G4A8BHF!A9BE@4G<BA4A7A8E:L,E4AF98E<A$4E:8
+64?88??H?4E&8GJBE>FJ<G;+?88C
%B78
E>85>59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1-91>7=9>7,5>
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1,5>@5>79>759:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1/81?=9>7!E*%)% ' 89>1
E1(81?59:9>7>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>15>7-E59:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1  

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

-33<3)9-;>692:

+J<G6;
B99+GE4G8:LB94F8+G4G<BAF<A ((*4A7B@8??H?4E&8GJBE>F
1?=9>791E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>191A985>
E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>15-91?8EE1J8?>7
*>9F5BC9DI?6(395>35)538>?<?7I% ' 89>1&91>7!9E1J8?>7*>9F5BC9DI?6(395>35
1>4)538>?<?7I% ' 89>1  
%B78??<A:4A7(8E9BE@4A68I4?H4G<BAB9&BA
-A<9BE@,JB
G<8E8??H?4E&8GJBE>FG;EBH:;
+G<8A8A%B78?
'1E<5B>1>45JAE9>?*>9F5BC9DI?6!554C*>9D54 9>74?=(I54<9'1J1/1949
*>9F5BC9DI?6!554C*>9D54 9>74?=5C=?>4"3!5B>?>)85*>9F5BC9DI?6!554C*>9D54
9>74?="?E>9B8?78?*>9F5BC9DI?6!554C>D5B>1D9?>1<*>9F5BC9DI?6'121D*>9D54
9>74?= 
(8E9BE@4A68A4?LF<F'9H??HC?8K+8?9
46>;4H?<A:8??H?4E&8GJBE>
>;9D(81B=1>491>>CD9DED5?6)538>?<?7I"14B1C>491'1481 B9C8>11>D9>491>
>CD9DED5?6)538>?<?7I"14B1C>491 <EDD?"9<<5D85>DB5?6H35<<5>359>,9B5<5CC
)538>?<?7I>491  
LA4@<6-F8EFFB6<4G<BA4A78!!%4A4:8@8AG<A 8G8EB:8A8BHF8??H?4E&8GJBE>F
5?>7C9;8?9(5?E<#1D9?>1<*>9F5BC9DI ?B51,??>7855!55(5?E<#1D9?>1<*>9F5BC9DI
?B51.?E>7??> 9=(5?E<#1D9?>1<*>9F5BC9DI ?B51(5?>785?< 9=(5?E<#1D9?>1<
*>9F5BC9DI ?B51 
E88AA8E:LE<I8A-F8EFFB6<4G<BA<A8??H?4E&8GJBE>FJ<G;H4?4GG8EL+LFG8@
-9<?>7!9E#5G5BC5I>CD9DED5?6)538>?<?7I*(-E5A9>7E1>7#5G5BC5I>CD9DED5?6
)538>?<?7I*(#9BG1>>C1B9#5G5BC5I>CD9DED5?6)538>?<?7I*( 

'-01+<3)9-;>692:

'AG;86;<8I45?8,;EBH:;CHGB9BBC8E4G<I8.8;<6H?4E&8GJBE>F
95A9?>785>*>9F5BC9DI?6)538>?<?7I(I4>5IECDB1<91==1B/161B*>9F5BC9DI?6
)538>?<?7I(I4>5I*)(ECDB1<91E?A91>7"1?)85*>9F5BC9DI?6)538>?<?7I(I4>5I
ECDB1<9181>7<5!9-9491>*>9F5BC9DI% ' 89>1 
'99?B47<A:8??H?4E&8GJBE>F,;EBH:;..B@@HA<64G<BAF
 BJGB+8?86GG;8+887
.8;<6?8F
1B?E;"5J781>9*>9F5BC9DI?6)?E<?EC5B1>35'914881?E')
#()*>9F5BC9DI
?6)?E<?EC5B1>35"9385<5#?7E59B1545B1<*>9F5BC9DI?6%1B1>1*%'1B>5795
"5<<?>*>9F5BC9DI"*B1J9<>4BS!E35I<?D*>9F5BC9DI?6)?E<?EC5B1>35 
BHC?87+<@H?4G<BAB9%B5<?88??H?4E&8GJBE>F *B47,E499<64A7.04CC?<64G<BAFHF<A:,E468F
#?B25BD?525<59>B93859>5*>9F5BC9DI^CC5<4?B65B=1>I'1@815<91<?>59>B938
59>5*>9F5BC9DI^CC5<4?B65B=1>I"1BD9>"1EF559>B93859>5*>9F5BC9DI^CC5<4?B6
5B=1>I 1<=1>B166959>B93859>5*>9F5BC9DI^CC5<4?B65B=1>I 
AKC8E<@8AG4G<BAB9.&,F9BE,E499<6%4A4:8@8AG
E9<<1E=5<?D*>9F5BC9D5i%1B9C(?B2?>>5B1>35135>5?E381<*>9F5BC9DS45'59=C
81=@17>5B45>>5B1>35B1>39C'?ECC51EHB31=B1>35%95BB5(1EB5<%1B9C
B1>35 
(BJ8EBAGEB?9BEEB4764FG..B@@HA<64G<BAFJ<G;7=468AG4EE<8E!AG8E98E8A689986GF
>F5B9C81=81<=5BC*>9F5BC9DI?6)538>?<?7I(G545>,1><E(E>81<=5BC*>9F5BC9DI
?6)538>?<?7I(G545>B9;(DB[=81<=5BC*>9F5BC9DI?6)538>?<?7I(G545>B54B9;
BO>>CDB[=81<=5BC*>9F5BC9DI?6)538>?<?7I(G545> 

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

6*13- (19-3-::65;-5;1:;91*<;165

CC?<645<?<GL4FF8FF@8AGB9G8E4;8EGM<A9BE@4G<BAF;BJ8EF9BEA8KG
:8A8E4G<BAJ<E8?8FF
A8GJBE>F
+9D1<I%5DB?F)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4=9DB9"?<D381>?F)1=@5B5
*>9F5BC9DI?6)538>?<?7I9><1>4.5F75>9 ?E385BI1FI)1=@5B5*>9F5BC9DI?6)538>?<?7I
9><1>4 
%B5<?<GL!A6E84F8F,;EBH:;CHGB9/<E8?8FF8I<68
GB
8I<68&8GJBE>FJ<G;B78746;<A:
8=14(8121>91781>9*>9F5BC9DI?6)58B1>B1>(5I54%??I1(81B91D@1>189>CD9DED5
6?B'5C51B389>E>41=5>D1<(395>35C%"B1>+1894(818"1>C?EB9*>9F5BC9DI?6
)58B1>B1>8=14 8?>C1B9*>9F5BC9DI?6)58B1>B1> 
(*!%$(*B9!G%4K<@<M4G<BAI4G4EC$468@8AG9BE%B5<?87:8B@CHG<A:
-91>7(E>#5G5BC5I>CD9DED5?6)538>?<?7I*(#9BG1>>C1B9#5G5BC5I>CD9DED5?6
)538>?<?7I*( 
BAG8KG
J4E84G446;<A:9BE 8G8EB:8A8BHF+@4??8??F&8GJBE>F
/85>781>7*>9F5BC9DI?6IFOC;I<O9><1>4.E>1>E*>9F5BC9DI?6?ECD?>*(/8E
1>*>9F5BC9DI?6?ECD?>*(-91>6E85>+)))538>931<'5C51B385>DB5?69><1>4
9><1>4)1@1>9'9CD1>95=9*>9F5BC9DI?6IFOC;I<O9><1>4 
B@C?8K&8GJBE>,;8BE8G<64?A4?LF<FBA!A9BE@4G<BA<FF8@<A4G<BABI8E.8;<6H?4E&8GJBE>F
9>7:9>7,1>7)C9>78E1*>9F5BC9DI59:9>7% ' 89>18E>H91?91>7)C9>78E1
*>9F5BC9DI59:9>7% ' 89>1!?>7H91>71?51;9>*>9F5BC9DIECDB1<91(8E9.E
51;9>*>9F5BC9DIECDB1<91/8E1>*>9F5BC9DI?6?ECD?>*(.?>7'5>)C9>78E1
*>9F5BC9DI59:9>7% ' 89>1 

$6.;>)9--.15-,-;>69215/

8F<:A4A7!@C?8@8AG4G<BAB98I<68
GB
8I<68+B9GJ4E8
89<A87&8GJBE>F
"9>7H9>/8?E%5;9>7*>9F5BC9DI% ' 89>1E1>.E/81>7%5;9>7*>9F5BC9DI% ' 89>1
(85>7<9/81>7(85>J85>*>9F5BC9DI% ' 89>1!9>7I1>7(?>7%5;9>7*>9F5BC9DI% '
89>1.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91/8E1>*>9F5BC9DI?6?ECD?>*(  
+&
E<I8A%H?G<64FG+GE84@FJ<G;74CG<I8<GE4G8F9BE.B!(BA98E8A68F
8B9CD5<<5<1CB?EDI*>9F5BC9DI?6?B451EHB1>35+9>35>DED56175!1'*>9F5BC9DI
?6?B451EHB1>35B9CD91>$<1B9E*>9F5BC9DI?<<575E2<9>B5<1>41=95>"17?>9
*>9F5BC9DI?6?B451EHB1>35?8>"EB@8I*>9F5BC9DI?<<575E2<9>B5<1>4  
'AHF<A:54E:4<A<A::4@89BE'CG<@4?(?468@8AGB9+&6BAGEB??8EF
4<5> C5>D9>9EB53?=B1>35"9<?E417111<D?*>9F5BC9DI9><1>4)1B9;)1<521<D?
*>9F5BC9DI9><1>4<1>7;?1<1C9>781=#?BG5791>*>9F5BC9DI?6(395>35)538>?<?7I
$C<?*>9F5BC9DI?C@9D1<#?BG1I 
&BI8?&8HEB
'CG<@<M4G<BA%8G;B79BE%H?G<
'C8E4GBE+6;87H?<A:<A?BH7
*&F
1J5=(?<9=1>*>9F5BC9DI?6)?B?>D?1>141<25BD?!5?>1B391*>9F5BC9DI?6)?B?>D?
1>141  
,BJ4E7F4B:A<G<I8*BHG<A:A:<A89BE+B9GJ4E889<A87&8GJBE>F
B545B93B1>3?9C=@5B91<?<<575!?>4?>*>9D54 9>74?=B?<5<5>25=@5B91<?<<575
!?>4?>*>9D54 9>74?= 

  $
 7;1+)3-;>692:)5,$@:;-4:

'1:1*3-1/0;)5, 7;1+)3(19-3-::644<51+);165:

A4?LF<FB9E844G4*4G8J<G;+;47BJ<A:9986GF<A$<
<4A7* L5E<7&8GJBE>
.E><E,1>7)85*>9F5BC9DI?649>2EB78*>9D54 9>74?=-9@9>7,E)85*>9F5BC9DI?6
49>2EB78*>9D54 9>74?=1B1<411C)85*>9F5BC9DI?649>2EB78*>9D54 9>74?= 
'CG<64?/<E8?8FF+64GG8E<A:;4AA8?FG<@4G<BA9BE(;BGBA
BHAG<A:*868<I8E
85>?>7*()% ' 89>1-91?;5/81>7*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1
% ' 89>1/85>7IE1>-E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1!1:?C
1>J?*>9F5BC9DI?6(?ED81=@D?>*>9D54 9>74?= 
74CG<I8*8?4L+8?86G<BA(EBGB6B?9BEG;8(4E4??8? L5E<7* +'*8?4L;4AA8?
"1BJ958#1:169 # )??C9*>9F5BC9DI?6)538>?<?7IB1>+18941=1<9B954B938
<5H1>45B*>9F5BC9DIB<1>75>#aEB>25B75B=1>I'?25BD(38?25B*>9F5BC9DI?6B9D9C8
?<E=2911>141 
)B+
J4E84A7A8E:L
J4E874CG<I8(BJ8E??B64G<BAF9BEB;8E8AG'CG<64?/<E8?8FF
B@@HA<64G<BAF
"4 /?8521CC1>(38??<?6>79>55B9>7*>9F5BC9DI?6B9D9C8?<E=2911>141+93D?B
 " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141"4 181>79B?CC19>*>9F5BCD9I?6
B9D9C8?<E=291$;1>171>1>141E<91>85>7*>9F5BC9DI?6B9D9C8?<E=2911>141 
*8F<?<8AG46>;4H?&8GJBE>8F<:A-F<A: L5E<7*47<B E88
+C468'CG<64?,86;AB?B:L
8=54?E9;1<96?B>91>CD9DED5?6)538>?<?7I*(1ICC1=18B?E:661D*>9F5BC9DI
1>141)1B5A. <#166?EB9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I*(
"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B1291 

 $ 


$36<,644<51+);165:)5,-;>69215/

36<,-;>692:)5,);)-5;-9:

8F<:A4A7I4?H4G<BAB9+&
54F87'E6;8FGE4G<BA+LFG8@9BE?BH74G48AG8EF
1B21B1"1BD9>9#)D1<I1F94541=9#)%9C1'5C51B38*>9D*>9F5BC9DI?6%9C1
D1<I"?<;181B21?E9(3E?<1(E@5B9?B5(1>D>>1D1<I!9C1?>1D9>9*>9F5BC9DI?6%9C1
D1<I%95B?1CD?<49(3E?<1(E@5B9?B5(1>D>>1D1<I(D561>?9?B41>?*>9F5BC9DI?6
%9C1D1<I 
4@8,;8BEL4F87*8?<45?8.<EGH4?&8GJBE>%4CC<A:9BE?BH7!A9E4FGEH6GHE8
.9/8E1G199%139693*>9F5BC9DI*(9BE-E1G199%139693*>9F5BC9DI*(&9?>7/81>7
E:9DCE!12?B1D?B95C?6=5B931*(-9,1>7E:9DCE!12?B1D?B95C?6=5B931*(
%1@1B1?%1<1381B<1!*()141C89;5E389E:9DCE!12?B1D?B95C?6=5B931>3 *( 
B:B@CHG<A:<A%H?G<
,<8E4G48AG8E&8GJBE>F <8E4E6;<64?4@8CCEB46;
E1A9>7/81>7*>9F5BC9DI?6?ECD?>*(.?>7-91?*>9F5BC9DI?6?ECD?>*(
(85>7B?>7E*>9F5BC9DI?6<1C7?G*>9D54 9>74?=EC9D#9I1D?#1>I1>7)538>?<?7931<
*>9F5BC9DI(9>71@?B5 '9381B4.E1B<5D?>*>9F5BC9DI1>141/8E1>*>9F5BC9DI?6
?ECD?>*( 
A!A78K4F87,4F>FF<:A@8AG(B?<6L9BE6;<8I<A:'CG<@4?(BJ8E
8?4L,E478B99<A7:8
?BH7+LFG8@F
-E5I9>7E?)C9>78E1*>9F5BC9DI% ' 89>1'18E<(9>78"1CC138EC5DDC>CD9DED5?6
)538>?<?7I*()91>38E/81?)C9>78E1*>9F5BC9DI% ' 89>1/89C85>7#9E)C9>78E1
*>9F5BC9DI% ' 89>1 
%B5<?<GL(E87<6G<BA%B78?
54F87+8EI<68%<:E4G<BA(EB687HE89BEB??BJ%8?BH7GBFHCCBEG)B+
4A7)B
@?<<9>19B5#145=2571*>9F5BC9DI?6"?>DB51<1>141245<81;9=1694*>9F5BC9DI?6
"?>DB51<1>141'?>1<4B9C52?9C92<9?=?>4?1>141 

 $$
$644<51+);165:.69;0-$4)9;91,

644<51+);165:.69;0-$4)9;91,5;-9)+;1=-

&!4A68??4G<BA9BE+@4EGE<7B@@HA<64G<BAF?B6>+C4EF84L8F<4A$84EA<A:
(8EFC86G<I8
(93?>7!9E)C9>78E1*>9F5BC9DI'5C51B38>CD9DED5?6>6?B=1D9?>)538>?<?7I)C9>78E1
#1D9?>1<!12?B1D?BI?6>6?B=1D9?>(395>351>% ' 89>11>7.1>7)C9>78E1*>9F5BC9DI
% ' 89>1,5>2?9>7)C9>78E1*>9F5BC9DI% ' 89>191>(?>7)C9>78E1*>9F5BC9DI
% ' 89>1  
'AG;8LA4@<6FB9G;8*($(EBGB6B?<A%!&8GJBE>FHA78E"4@@<A:GG46>F
?P?'5>Y69?%?>D96931<1D8?<93*>9F5BC9DI?6%1B1>1B1J9<"1B35<?4E1B4?%5<<5>J
%?>D96931<1D8?<93*>9F5BC9DI?6%1B1>MB1J9<471B41=8?EB%%%?>D969391
*>9F5BC941451D?<9314?%1B1>1B1J9<<D19B$ (1>D9>%?>D96931<1D8?<93*>9F5BC9DI?6
%1B1>1%*%'B1J9<"1>?5<1=9<<?%5>>1%?>D96931<1D8?<93*>9F5BC9DI?6%1B1>1
B1J9<'9381B45=?(?EJ1545B1<*>9F5BC9DI?6)538>?<?7I%1B1>M*)%'B1J9<  

 $6%
$5;-95-;6.%015/:

6+);165)5)/-4-5;)5,5.9):;9<+;<9-$-9=1+-:.696%

8C?BL45?8*BHG<A:+LFG8@9BE&4ABA8GJBE>F
8B9CD?C!91C;?C>CD9DED5?6?=@ED5B(395>35?E>41D9?>?6'5C51B381>4)538>?<?7I
5<<1CB5535>75<9;9)C9?<91B94?E?E>41D9?>6?B'5C51B381>4)538>?<?7IB5535
(?D9B9C?1>>949C?E>41D9?>6?B'5C51B381>4)538>?<?7I5<<1CB5535#9;?<1?C+
1>D1BDJ9CB9CD?D<5*>9F5BC9DI?6)85CC1<?>9;9B5535>4B51C%9DC9<<945C*>9F5BC9DI?6
I@BECI@BEC  
$B64G<A:-F8EDH<C@8AGF4A7668FF(B<AGFHF<A:*++!<A:8ECE<AGF4HFF<4A(EB68FF
CCEB46;
(9=?>.9E5<<!12C<31D5<!E35>D*("1BJ9581C8D95<<!12C#?;91B5<1>4?<75B
<1ECC5>5<<!12C<31D5<!E35>DB5<1>45B>1>4?%5B5JBEJ5<<!12C<31D5<!E35>D
*( 
LA4@<6%%8I<68GG46;@8AG4A7*87<E86G<BA<A.<EGH4? B@84G8J4LAI<EBA@8AGF
@?CD?<?C%1@175?B79?E#!12?B1D?B95CEB?@55B=1>I'?25BD?96E<3?#
!12?B1D?B95CEB?@55B=1>IB>[ ?F13C#EB?@5!D4 5B=1>I1>C[B7 ?<25
5EDC385)5<5;?=5B=1>I  
,BCB?B:L%4CF4A7<FG4A68
E88$B64?<M4G<BA9EB@(4EG<4?.<EGH4?BBE7<A4G8F9BE!B,
>EB1%1I1CE=1>1?<?B14?(D1D5*>9F5BC9DI*('1>4I%1665>B?D8,?B35CD5B
%?<ID538>93>CD9DED5*((B9481B'1=1C1=I?<?B14?(D1D5*>9F5BC9DI*(  
'A8%BE8 4F;<FABH:;99<6<8AG,4:+GB6>G4><A:<A <:;?LLA4@<6*!+LFG8@F
-E1>!9EE>1>*>9F5BC9DI% ' 89>19>-91?)85?>7 ?>7%?<ID538>93*>9F5BC9DI
?>7 ?>7(8975>7/81>75>DB1<(?ED8*>9F5BC9DI% ' 89>1 19E/85:91>7
*>9F5BC9DI% ' 89>1  

 $$
$$6+1)3-;>69215/

$6+1)3-;>69215/5;-9)+;1=-

668?8E4G<A:E4C;%<A<A:?:BE<G;@FI<4-A<9BE@*4A7B@7:8+4@C?<A:
'E?81>1?)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7E1><5-E)8589>5C5
*>9F5BC9DI?6?>7 ?>7?>7 ?>7%9<9E)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7
?>7,9>785?>7!1E)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7  
(EB545<?<FG<6E4@8JBE>9BE+GEH6GHE4?A4?LF<F<A<E86G87&8GJBE>F
85>7(81>781>7#1D9?>1<)C9>7E1*>9F5BC9DI)19G1>E1>(89>!55#1D9?>1<)C9>7
E1*>9F5BC9DI)19G1>!95>7!9?E#1D9?>1<)C9>7E1*>9F5BC9DI)19G1>(85>7"9>!E
#1D9?>1<)C9>7E1*>9F5BC9DI)19G1>"EE1>,E#1D9?>1<)C9>7E1*>9F5BC9DI
)19G1>  
 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

6+)31A);165

+<A:?8+A4CF;BG"B<AGFG<@4G<BAB9A:?8F4A7,<@8FB9EE<I4?%4GE<K(8A6<?CCEB46;
8=141JJ9*'$"'9F95B1,1F5C+$"%#.B1>359B;(<?3;*'$"
B1>35!9C1"59<813+'9F95B1,1F5CB1>35  
'AG;8(8E9BE@4A68B9%4C
J4E8BBC8E4G<I8$B64?<M4G<BA
19A9>7/81>7*>9F5BC9DI?6<<9>?9C1D*B21>181=@197>*(.E1>(85>)C9>78E1
*>9F5BC9DI% ' 89>1"?5,9>"1CC138EC5DDC>CD9DED5?6)538>?<?7I*(  
B@CE8FF<I8+8AF<A:
4F87+<:A4?KGE46G<BA9BE%!%'(4FF<I8*474E-F<A:'%
/4I89BE@F
,1D381B1@?>7 5D@1>5B9?D,1DD*>9F5BC9DI*>9D54 9>74?="1D89>9(5<<1D8EB195B9?D
,1DD*>9F5BC9DI*>9D54 9>74?=  
(BF<G<BA<A:,;<E7
(4EGL*868<I8EI<4,'FG<@4G<BA<AE8DH8A6LHC?8K<I<F<BA+LFG8@F
?81>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*()% ' 89>1
E?4?>7/81?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*()% '
89>1/8985>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*>9F5BC9DI?6
1<96?B>91'9F5BC945% ' 89>1!9I9>7!9*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?6
89>1% ' 89>1  
<A8
:E4<A87!A7BBE,E46><A:5LHF<A:!A8EG<4?+8AFBE4A7(;LF<64?$4L8E!A9BE@4G<BA<A
/$&F
/1>!9*>9F5BC9DI?65B>(G9DJ5B<1>4"1B3?1>9<?EB21>?3EX1*>9F5BC9DI?65B>
3E14?B/8?>7<91>7/81?*>9F5BC9DI?65B>(G9DJ5B<1>4?C51BB5B1*>9F5BC9DI?6
5B>(G9DJ5B<1>4)?BCD5>>7?B1E>*>9F5BC9DI?65B>(G9DJ5B<1>4  

<3;1+)991-9644<51+);165:5;-9)+;1=-

+86HE8%H?G<64EE<8E+ ++J<G;!A7H687*4A7B@?<CC<A:
9>8?8?9G1>7:E>CD9DED5?6(395>351>4)538>?<?7I() ?B51E9C5?;G1>7
G1>7:E>CD9DED5?6(395>351>4)538>?<?7I ?B51  
%<A<@H@
.%&
6BAG<AHBHF'%
"5481D"?81=14!E<5Q)538>931<*>9F5BC9DI(G545>'93;1B4#9<CC?>!E<5Q*>9F5BC9DI?6
)538>?<?7I(G545>11@F1>4555;!E<5Q*>9F5BC9DI?6)538>?<?7I(G545>  
+8@<
?<A7(E86B7<A:4<787%$'FG<@4G<BA9BE!54F87%!%''%+LFG8@F
.E65991>7*>9F5BC9DI?6!9F5B@??<*>9D54 9>74?=-E/8E*>9F5BC9DI?6!9F5B@??<*>9D54
9>74?=>755!9=-91>91?D?>7!9F5B@??<*>9F5BC9DI% ' 89>1.9E1>7
*>9F5BC9DI?6!9F5B@??<*>9D54 9>74?=/8?>7H91>7,59*>9F5BC9DI?6!9F5B@??<(38??<
?61>4(*>9D54 9>74?=19!9>$C1;1%B5653DEB5*>9F5BC9DI1@1>  
&BI8?(!@C?8@8AG4G<BAB9,E8??<F+;4C<A:9BE((**87H6G<BAB9'%+<:A4?F
91:91(?>7.?;?81=1#1D9?>1<*>9F5BC9DI1@1>945;9$38919.?;?81=1#1D9?>1<
*>9F5BC9DI1@1>  
&BI8?%
%+LFG8@-F<A:BHE<8EH4?FB9+C4EF8(8E986G4HFF<4A!AG8:8E+8DH8A68F
(5>E>7,1>7#1D9?>1<(E>.1DC5>*>9F5BC9DI)19G1>898%5>7!9#1D9?>1<(E>.1D
C5>*>9F5BC9DI)19G1>  
,BA8*8F8EI4G<BA9BE((**87H6G<BA4A'CG<@4?CCEB46;G;EBH:;+C;8E8A6B7<A:
9<9@@?)?C1D?)?C8921'5C51B38EB?@5*>9D54 9>74?="17>EC(1>45<<)?C8921)'!
*>9D54 9>74?="1;?D?)1>181C89)?C8921?B@?B1D9?>1@1>  
 ($
(19-3-::644<51+);165:$@476:1<4

5-9/@)9=-:;15/

/<E8?8FF!A9BE@4G<BA4A7(BJ8E,E4AF98E<AH??
HC?8KB@@HA<64G<BA+LFG8@F
<5H1>45B$;1>45:9*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?="E81==14' 
81>41;5B*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?= 19 9D,?>7*>9F5BC9DI?<<575
!?>4?>*>9D54 9>74?= 
84@9BE@8E8F<:A9BE/<E8?8FFA8E:L,E4AF98EJ<G;4<EA8FF
=1>D89'1D>1I1;5)8E4E71<175*>9F5BC9DI?6"5<2?EB>5ECDB1<91(1=1>D1@1DDE
*>9F5BC9DI?6"5<2?EB>5ECDB1<911=95(F1>C*>9F5BC9DI?6"5<2?EB>5ECDB1<91  
A8E:L 4EI8FG<A:BBC8E4G<I8%H?G<C?8668FF;4AA8?J<G;4G4EE<I4?F
5B;EB1;1>*>9F5BC9DI?6"1BI<1>4*($>EB 1I1C9;*>9F5BC9DI)EB;5I(5>>EB
*<E;EC*>9F5BC9DI?6"1BI<1>4*(  
/<E8?8FF
(BJ8E87B@@HA<64G<BA-A78E+G4G<FG<64?)H4?<GLB9+8EI<68BAFGE4<AGF
)5G?4B?C/5G45(IB13EC5*>9F5BC9DI*(" 5>;EBC?I(IB13EC5*>9F5BC9DI*(  
A8E:L
,E4AF98EE<A:CCEB46;GB(BJ8E??B64G<BAJ<G;A8E:L 4EI8FG<A:BAFGE4<AGF
1>,E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(E@5>7!5>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1-91?I1>E1>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1&9>.E*>9F5BC9DI?6
<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1 E>.1>7*>9F5BC9DI?6CC5H
*>9D54 9>74?=  

667-9);1=--;>692:)5,#-3)@15/644<51+);165:

<FGE<5HG87%H?G<
*8?4L+8?86G<BA<A/<E8?8FF
(BJ8E87BBC8E4G<I8&8GJBE>FJ<G;A8E:L
66H@H?4G<BA
.961>E)85*>9F5BC9DI?6(I4>5IECDB1<91585>)85*>9F5BC9DI?6(I4>5I
ECDB1<91.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91B1>;1+E35D93*>9F5BC9DI?6(I4>5I
ECDB1<91  
!%
!<A,JB
/4L*8?4L<A:B@@HA<64G<BAF
?>7J8?>7.1>*>9F5BC9DI$6(1C;1D385G1>1>1411#7EI5>*>9F5BC9DI?6
(1C;1D385G1>1>141  
,JB
/4L??
'CG<64?*8?4L<A:+'+LFG8@FBI8E%4?4:4%;4AA8?FJ<G;(B<AG<A:EEBEF
%8E3+ )B9>8)85*>9F5BC9DI?69JE1@1>)BE?>7?>7)81>7)85*>9F5BC9DI?69JE
1@1>>8) %81=)85*>9F5BC9DI?69JE1@1>  
4C46<GLB9G;8,JB
BCH??
HC?8K*8?4L;4AA8?J<G;/<E8?8FF(BJ8E,E4AF98E9EB@*8?4LGB
4GG8EL
?8FF+BHE68
#9;?<1/<1D1>?F"?>1C8*>9F5BC9DIECDB1<915BB93;,9>7 G1>#7*>9F5BC9DI?6#5G
(?ED8,1<5CECDB1<91'?25BD(38?25B*>9F5BC9DI?6B9D9C8?<E=2911>141  
<:;8AF8%H?G<J4L*8?4L&8GJBE>FKC?B<G<A:<E86G$<A>F4F+<78!A9BE@4G<BA
8?9BE<>G1B1@1>4F1>354>CD9DED5?6(395>351>4)538>?<?7I)5<;?=*>9F5BC9DI
1@1>  

5-9/@..1+1-5;644<51+);165:

%4FF<I8%!%'I8EFHF+@4??
8??+LFG8@F+C86GE4?4A7A8E:L99<6<8A6LB@C4E<FBA
95EEI#7EI5>>CD9DED56?B>6?3?=='5C51B38 ')8575>3I6?B(395>35
)538>?<?7I1>4'5C51B38()'(9>71@?B5(E=59(E>>CD9DED56?B>6?3?=='5C51B38
(9>71@?B5  
%!%' 8G&8GFJ<G;/<E8?8FF46>;4H?AA8E:L
99<6<8AG8F<:A
?G1B4.1>7(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B59?F1>>95B139
5<<!12CB5<1>4)?>I& ( &E5;(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>
(9>71@?B5  
6;<8I<A:A8E:L
99<6<8A6L<A,JB
,<8EF/<E8?8FF46>;4H? 8G&8GF
)B9#7EI5>)(1>141>9=5C8.141F"5=?B91<*>9F5BC9DI?6#5G6?E>4<1>41>141
,5CC1=:92*>9F5BC9DS4E&ES253N"?>DBS1<1>1418149CC9?>3?B491*>9F5BC9DI
1>141  
A8E:L+4I<A:B94F8+G4G<BAF+?88C+6;87H?<A:9BE%H?G<
BC.8;<6H?4E&8GJBE>F
)1?1>E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1-9?>7!9EE1J8?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1!9:E>,1>7,5>8E1?<<575% ' 89>1
91>7,1>7(81>7819'5C51B385>D5B6?B,9B5<5CC?==E>931D9?>% ' 89>1 IE>7(E@
G1;>81*>9F5BC9DI ?B51&91>7!9E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I
% ' 89>1 
'AG;8A8E:L99<6<8A6LB9%4FF<I8%!%'J<G;+C468
BAFGE4<A87AG8AA4EE4LF
(E49@9CG1C*>9F5BC9DI?649>2EB78*>9D54 9>74?=8B9CD?C"1C?EB?C*>9F5BC9DI
?<<575!?>4?>*>9D54 9>74?=)81B=1<9>71='1D>1B1:18)85*>9F5BC9DI?649>2EB78
*>9D54 9>74?=  

 <3;1<:-9 )5,)::1=- 5;-9)+;1=-

(B?4E<M4G<BA+<:A4?<A:9BE/<E8?8FFB@@HA<64G<BA
-91?29>,E*>9F5BC9DI?6#?DB51=5*()8?=1C%B1DD*>9F5BC9DI?6#?DB51=5*(
)8?=1CE:1*>9F5BC9DI?6#?DB51=5*(  
"B<AG%+
4F87 L5E<7(E86B78E4A7DH4?<M8E8F<:A9BEH??
HC?8K%4FF<I8%!%'+LFG8@F
'E9;19"19"39<<*>9F5BC9DI1>141EI # #7EI5>*>9F5BC9DI?6)5H1CECD9>*(
)8?!5#7?3"39<<*>9F5BC9DI1>141  
'CG<@4?(E86B78E8F<:A9BE%!%'
'%-A78EFG4A7<A:G;8*B?8B9(BJ8E@C?<9<8EF4A7
&BA?<A84E<FGBEG<BA&B<F8
/9:91>,1>7*>9F5BC9DS1D8?<9AE545!?EF19>5<79E=F1>(DE@91*>9F5BC9DS1D8?<9AE5
45!?EF19>5<79E=!E3+1>45>4?B@5*>9F5BC9DS31D8?<9AE545!?EF19>5<79E=  

 $
,06+)5,$-5:69-;>69215/$@476:1<4

6*13-)5,'-01+<3)9,6+-;>692:

BBC8E4G<I8+8AF<A:4G4B??86G<A:E4@8JBE>5LHF<A:-A@4AA87<E6E49G.8;<6?8<A/<E8?8FF
+8AFBE&8GJBE>
(89>D1B?"?B9E;E?;1*>9F5BC9DI1@1>  
+GH7L<A:G;8!@C46GB9+*(8A8GE4G<BA*4G8BA$4A8;4A:<A:7I<FBELCC?<64G<BA
$=1B81;B?E>*>9F5BC9DS45(85B2B??;51>141(?E=1I185B;1?E9*>9F5BC9DS45
(85B2B??;51>141  

 <FGB:E4@4F87?:BE<G;@9BE*84?,<@8*BHG8BE864FG<A:<A-E54AE84
5C81=<C1I54*>9D54B12=9B1D5C*>9F5BC9DI*>9D54B12=9B1D5C*!9B5>/81>7
*>9D54B12=9B1D5C*>9F5BC9DI*>9D54B12=9B1D5C*?;E<>1D8)81>41F1B1I1>
*>9D54B12=9B1D5C*>9F5BC9DI*>9D54B12=9B1D5C*.1CC5B1G1C*>9D54B12
=9B1D5C*>9F5BC9DI*>9D54B12=9B1D5C*  
8I8?BC@8AGB9%B5<?87
;B6&8GJBE>FBI8E/<
<<E86GJ<G;'99
G;8
+;8?9A7EB<7(;BA8F
5385>7!9E<<9>?9C>CD9DED5?6)538>?<?7I*(,5><?>7(85><<9>?9C>CD9DED5?6
)538>?<?7I*(?.9><<9>?9C>CD9DED5?6)538>?<?7I*(-91>78E91?(?ED851CD
*>9F5BC9DI% ' 89>1!9>- 19<<9>?9C>CD9DED5?6)538>?<?7I*(.E85>7<<9>?9C
>CD9DED5?6)538>?<?7I*(  
&BI8?/4EA<A: IB<74A68?:BE<G;@9BE!AG8EF86G<BAB??<F<BA54F87BALA4@<64L8F<4A
&8GJBE>F
.E38E1>E-9491>*>9F5BC9DI% ' 89>181>7<5!9-9491>*>9F5BC9DI% ' 89>19>7
-91-9491>*>9F5BC9DI% ' 89>1,59G59?>7-9491>*>9F5BC9DI% ' 89>1.E<?>7E1>
-9491>*>9F5BC9DI% ' 89>1-9?>7!5959:9>791?D?>7*>9F5BC9DI% ' 89>1  

 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

!91=)+@)5,!91=)+@50)5+15/%-+05636/1-:

(E<I46L
(E8F8EI<A:(H5?<F; +H5F6E<58+8EI<68<A-AGEHFG87,;<E7
C4EGL(?4G9BE@
)B13I.9>7I9>785>79DI*>9F5BC9DI?6?>7 ?>7?>7 ?>7,591?9DI*>9F5BC9DI?6
?>7 ?>7?>7 ?>7-91?8E1919DI*>9F5BC9DI?6?>7 ?>7?>7 ?>791>6595
E1G59)538>?<?795C? !D4 % ' 89>1(8E385>7!9EE1G59)538>?<?795C% '
89>1  
(*',,'*(E<I46L
(E8F8EI<A:!A9BE@4G<BA$BB>HC<ABAG8AG
8AGE<6&8GJBE>F
"E81==14'9JG1>C781B)85*>9F5BC9DI?6E3;<1>4#5G/51<1>4SC1B5B>1B49>9
*>9F5BC9DI?6)B5>D?D1<IBE>?B9C@?*>9F5BC9D149)B5>D?D1<I  
((99<6<8AG4A7(E<I46L
(E8F8EI<A:(EBK<@<GL,8FG<A:J<G;<998E8AG<4?(E<I46L,86;A<DH8F
85>7E1>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5'?>7H9>7!E#1>I1>7
)538>?<?7931<*>9F5BC9DI(9>71@?B5E9/8E-9491>*>9F5BC9DI% ' 89>1E>(81?
/85:91>7?>7C81>7*>9F5BC9DI% ' 89>124E<B18=1><1=5B*$)1>141
-91?4?>7!9>*>9F5BC9DI?6$>D1B9?>CD9DED5?6)538>?<?7I1>141  
+86HE<GL4A7KC8E<@8AG4?C8E9BE@4A684A4?LF<FB94%4GE<K'*%
1B9>(E=?>7;1I?D89>1@1>4F1>35>CD9DED5?6(395>351>4)583>?<?7I(9B9>48?B>
>D5B>1D9?>1<>CD9DED5?6)538>?<?7I)81==1C1D*>9F5BC9DI1@1>DCE;?"9I1:91@1>
4F1>354>CD9DED5?6(395>351>4)538>?<?7I1@1>8E>8E1(E1@1>4F1>354
>CD9DED5?6(395>351>4)538>?<?7I1@1>(D5F5>?B4?>5>DB1<&E55>C<1>4*>9F5BC9DI
ECDB1<91  
%ABAL@BHF%HGH4?HG;8AG<64G<BAJ<G;,E46845<?<GL<A4ECBB?<A:+LFG8@F
91>29>7#9*>9F5BC9DI?6,1D5B<??1>141 E1>/81>7*>9F5BC9DI?6,1D5B<??1>141
-91?4?>7!9>*>9F5BC9DI?6$>D1B9?>CD9DED5?6)538>?<?7I1>1411?=91?.1>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>15>D5B6?BI25B(53EB9DI*()
971D1'5C51B385>D5B*()% ' 89>1(85B=1>(85>*>9F5BC9DI?6,1D5B<??
1>141  

<;0-5;1+);165++-::65;963)5, ;0-9%671+:5;-9)+;1=-

8G86G<BAB9B@@4A74A7BAGEB?<A7I4A687(8EF<FG8AG,;E84G54F87BA!A78C8A78AG668FF
-E,1>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 1>765>7/85>7
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1-9>H9>#9E<53DB?>93
>79>55B(38??<59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>19>,E
>6?B=1D9?>(53EB9DI5>D5B59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% '
89>18E>8E1,E59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1  
(!868AGE4?<M87668FFBAGEB?(EBGB6B?9BE!A9BE@4G<BA8AGE<6&8GJBE><A:
C<1=24<<18&E55>C*>9F5BC9DI1>141"?81==14/E<;5B>9>5&E55>C*>9F5BC9DI
1>141?CC1=( 1CC1>59>&E55>C*>9F5BC9DI1>141  
(<(E46G<64?%H?G<
FGE<78*8:H?4EKCE8FF<BA%4G6;<A:A:<A84F87'A(
9191.1>7*>9F5BC9DI?689>5C53145=I?6(395>35C% ' 89>1!5991>7>CD9DED5?6
>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% ' 89>1&9E)1>7>CD9DED5?6
>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% ' 89>1&9?>719>CD9DED5?6
>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% ' 89>191><?>7)1>>CD9DED5
?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C59:9>7% ' 89>1  
/4G6;8E&BI8?,4E:8G
54F87*84?
G<@8CCEB46;GB%BA<GBEE<G<64?<?8FHF<A:.%!
?>7I1>7/81>1B29>>CD9DED5?6)538>?<?7I% ' 89>1!9>.51B29>>CD9DED5?6
)538>?<?7I% ' 89>19>H9>71>71B29>>CD9DED5?6)538>?<?7I% ' 89>1-91?:91>7
E)5=@<5*>9F5BC9DI*((85>(E1B29>>CD9DED5?6)538>?<?7I% ' 89>1 
-F8E4C46<GLB9/<E8?8FF(;LF<64?
?4L8E!78AG<9<64G<BAA!A9BE@4G<BA
G;8BE8G<6(8EFC86G<I8
,5>81?,1>7%5;9>7*>9F5BC9DI% ' 89>1/89(E>(D1D5*>9F5BC9DI?6#5G.?B;1D
E661<?*( E9'5>(D1D5*>9F5BC9DI?6#5G.?B;1DE661<?*(?385>7/8E%5;9>7
*>9F5BC9DI% ' 89>1  

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

"6

4L8F<4A+GEH6GHE4?DH4G<BA%B78?<A:B9%H?G<7<@8AF<BA4?)B<A 4CG<6
H7<BI<FH4?
!AG8E46G<I8B@@HA<64G<BAF
(8E:9)1C1;1#17?I1>4ECDB91<(395>35'5C51B38>CD9DED51@1>  
/;8A,B,4>8/;4G)B
J4E8*8FBHE68*87<FGE<5HG<BA4@BA:/85EBJF<A:-F8EF4A7G;8
(BG8AG<4?B9(E<BE<G<M<A:)B+8AF<G<I8BAG8AG
SJ1(J12YB93CC?>'5C51B38E>71BI(1>4?B'M3JB93CC?>'5C51B38E>71BI
(J12?<3C"1<?=C?;IB93CC?>%?<1>4<4??<<5B93CC?>(G545>  
-F8E+C86GE4?99<6<8A6LB@5<A<A:+C86GE4?99<6<8A6LJ<G;-F8EKC8E<8A68
E>7-E1>#7EI5>*>9F5BC9DI?645<1945ECDB1<91BE35#?BD83?D5*>9F5BC9DI?6
45<1945ECDB1<91 
%H?G<C?88F6E<CG<BA
+ (E4:@4G<6I<78BFGE84@<A:@4K<@<M<A:A7
-F8EF)H4?<GLB9
KC8E<8A68
?1389=BE>51E&E5IB59H!1'?B451EH*>9F5BC9DI+9?D538?==E>931D9?>CB1>35
1>95<#S7BE*>9F5BC9DI?6?B451EHB1>35?B49"?>71I1D1<<1,1BC1G*>9F5BC9DI?6
)538>?<?7I#1D9?>1<>CD9DED5?6)5<53?==E>931D9?>C%?<1>4E75>?B3?39*>9F5BC9DI
%$!)#?6E381B5CD('()'?=1>91 
AE<6;<A: ,,(74CG<I8+GE84@<A:J<G;BAG8KGJ4E8A8FF,HAA8?4F8+GH7L
9B9>9!9?D?E*>9F5BC9DI?6D85>CB5535)?291C?_65<4*>9F5BC9DI?6E9C2EB7CC5>
5B=1>I8B9CD91>"?<4?F1>*>9F5BC9DI?6E9C2EB7CC5>5B=1>I<?B91>"5DJ75B
*>9F5BC9DI?6E9C2EB7CC5>5B=1>I9=9DB9C)C?<;1C*>9F5BC9DI?6D85>CB5535
#9;?C%1CC1C*>9F5BC9DI?6D85>CB5535 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

$7-+;9<4$0)915/

+8DH8AG<4?8G86G<BA4A7I8E4:8+4@C?8&H@58E9BEB:A<G<I8*47<BJ<G;%H?G<C?8(E<@4EL
,E4AF@<G(BJ8E$8I8?F
(8E9:E>85>7-9491>*>9F5BC9DI% ' 89>1/1>!9-9491>*>9F5BC9DI% ' 89>1
"?81==14( $21941D?B481=*>9F5BC9DI*(?959:9>791?D?>7*>9F5BC9DI(D1D5
5I!12?6'19<)B16693?>DB?<1>4(165DI% ' 89>1?>7@E,1>759:9>791?D?>7
*>9F5BC9DI% ' 89>1 
I8E4:8!AG8E98E8A68
BAFGE4<A87B:A<G<I8,JB
/4L*8?4L<A:J<G;99<6<8AG$<A>-G<?<M4G<BA
(?EB128(?<1>;9>491>>CD9DED5?6)538>?<?7I>4?B5>491%1>;1: E=1B(81B=1
>491>>CD9DED5?6)538>?<?7I>4?B5>491%B1281D E=1B*@148I1I>491>>CD9DED5?6
)538>?<?7I>4?B5>491 
*B5HFG,E4AF68<I8E8F<:A<AH??
HC?8K%!%'B:A<G<I8*47<BF
<9171D1I9B9;*>9F5BC9DI?6B9D9C8?<E=2911>141(E49@9CG1C*>9F5BC9DI?6
49>2EB78*>9D54 9>74?=$=94)1789J1458',)1385>*>9F5BC9DI5B=1>I>!9E
?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7)81B=1<9>71='1D>1B1:18
)85*>9F5BC9DI?649>2EB78*>9D54 9>74?= 
B:A<G<I8,JB
/4L*8?4L84@9BE@<A:8F<:AJ<G;*8F<?<8A68GB;4AA8?+G4G8-A68EG4<AG<8F
%*2194E<<1>D5B>1D9?>1<>CD9DED5?6>6?B=1D9?>)538>?<?7I>491"?81=54(<9=<?E9>9
 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49B1291(?>91WCC1
#'(*>9F5BC9DI?6&E52531>141 
A8E:L99<6<8A6LB9+8AF<A:
4F87+C86GEH@+;4E<A:,86;A<DH89BEB:A<G<I8*47<B+LFG8@F
IE>CE>7%1B;.?>C59*>9F5BC9DI ?B51)15G?>G1>7.?>C59*>9F5BC9DI ?B51 

 %
644<51+);165:%0-69@



*868<I884@9BE@<A:'CG<@<M4G<BA9BE%!%'+LFG8@J<G;BAFG4AGAI8?BC8(E86B7<A:
(8E?G5>/81>7#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5'E9/81>7#1D9?>1<
*>9F5BC9DI?6(9>71@?B5(9>71@?B5)5>7??>!9=#1D9?>1<*>9F5BC9DI?6(9>71@?B5
(9>71@?B5 
,E4AF@<G84@9BE@<A:<A*4L?8<:;(EB7H6G%!%';4AA8?FE:B7<6%HGH4?!A9BE@4G<BA4A7
+L@5B?EEBE*4G8
/8?>7/85>7*>9F5BC9DI?6)5H1C1D1<<1C*(!E,591BF1B4*>9F5BC9DI*(
/I7=E>D11C*>9F5BC9DI?6)5H1C1D1<<1C*(+1894)1B?;81BF1B4*>9F5BC9DI*( 
+8?86G<I8-C?<A>,E4<A<A:9BE%4FF<I8%!%'+LFG8@F
81>7=9>7!9?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7E>/81>7
)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7(85>78E9(?>7)85
?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 81<54 !5D1956)85?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 
%HGH4?!A9BE@4G<BACCEBK<@4G<BAB9+!
,%!%'(E86B78EF54F87BA@<A<@4?7<FG4A68
CEB545<?<GL
1@D9CD5+B97>51E*>9F5BC9DI?6'5>>5C '(B1>9DB1>35$<9F95B5B45B*>9F5BC9DI
?6'5>>5C '(#'B1>35 
'AG;8+H@BB9G;8FL@@8GE<6BHE
-F8E%!%'1;4AA8?
1>7A9!9E(81>781991?)?>7*>9F5BC9DI% ' 89>1"59H91)1?(81>781991?)?>7
*>9F5BC9DI% ' 89>1  

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

5-9/@..1+1-5+@

74CG<I8%84FHE8@8AG9BEA8E:L99<6<8AG%B5<?<GL%4A4:8@8AG<A-?GE4
8AF8+@4??8??
&8GJBE>F
CE 1?#1D9?>1<)19G1>*>9F5BC9DI)19G1>85>.E,59#1D9?>1<)19G1>*>9F5BC9DI
)19G1>C91?89>7!9>#1D9?>1<)19G1>*>9F5BC9DI)19G1>.91>891>7#1D9?>1<
)19G1>*>9F5BC9DI)19G1>,1>:9E>!91?#1D9?>1<)19G1>*>9F5BC9DI)19G1> 
A8E:L899<6<8AG;8G8EB:8A8BHFA8GJBE>78C?BL@8AGJ<G;8??,0
[B1>>45BCC?>'?I1<>CD9DED5?6)538>?<?7I )(G545>>45BC+1CD25B7'?I1<
>CD9DED5?6)538>?<?7I )(G545><9C15F<93)5<53?=B5D17>5B1>35935;
1F41B )'?I1<>CD9DED5?6)538>?<?7I(G545>  
+C86GE4?
4A7A8E:L
99<6<8AGA4?LF<F9BE%H?G<
68??BJA?<A>%-
%!%'+LFG8@F
91>3E>1>-91>91?D?>7*>9F5BC9DI% ' 89>1/89;E>-E89>1"?29<5'5C51B38
>CD9DED5% ' 89>1898!9>89>1"?29<5'5C51B38>CD9DED5% ' 89>15?66B5I!9
5?B791)538*(  
"B<AG'CG<@<M4G<BAB9BAG8AG46;<A:4A7(HF;<A*8A8J45?8A8E:L(BJ8E87+@4??8??F
95?>7(E>.1DC5>*>9F5BC9DI% ' 89>1(85>7/8?E)C9>78E1*>9F5BC9DI% ' 89>1
/85>IE/8?E#?BD889>1<53DB93%?G5B*>9F5BC9DI,1C541*>9F5BC9DI% ' 89>1
/89C85>7#9E)C9>78E1*>9F5BC9DI% ' 89>1  
46>;4H?
J4E8+@4??8??,054F87BAHMML)
$84EA<A:<A 8G8EB:8A8BHF8??H?4E&8GJBE>F
>D?>9?5?=5>93?!)"9>1D53B1>35+1<5>D9>(1F9>!)B1>359=9DB9
DS>1CB1>35>4B51C"1545B#?;91#5DG?B;C5B=1>I 

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

<3;14-,1)%9)5:41::165

%H?G<
C4G;*BHG<A:9BE.<78B+GE84@<A:<A%H?G<
E47<B%H?G<
6;4AA8?/<E8?8FF%8F;&8GJBE>F
85><59%1>(81>781991?)?>7*>9F5B49DI% ' 89>1?!9E51;9>*>9F5BC9DI
ECDB1<91192?/8?E*>9F5BC9DI?6,1D5B<??1>141E9!9>(81>71991?)?>7
*>9F5BC9DI% ' 89>1 
+64?45?8.<78B%H?G<64FG-F<A:?8K<5?8%H?G<64FG+8EI<68BI8E!  /$&
.5?>38E<(89>(5?E<#1D9?>1<*>9F5BC9DI ?B51(5E>7;IE15;75>3I6?B565>C5
5F5<?@=5>D ?B51(E>78IE>8?9(5?E<#1D9?>1<*>9F5BC9DI ?B51I5?>79!55
(5?E<#1D9?>1<*>9F5BC9DI ?B51 
(8E68<I87.<78B)H4?<GLI4?H4G<BA54F87BA!AG8E46G<I8 *8CH?F<I8E8?4G<BA58GJ88AG;8)B!F
!1=9>5=?EB%1B9CCDB5D59<*>9F5BC9DIB1>35(1=9(?E989*>9F5BC9DI%1B9CCD*%
B1>35"E81==14(1:94"EC8D1A*>9F5BC9DI?6%1B9CCDB5D59<*%=175(97>1<
1>4>D5<<975>D(ICD5=C!12?B1D?BI!((B1>35(194?359>9*%*>9F5BC9DI%1B9CCD
B5D59<+1<45"1B>5B1>35245<81=94"5<<?E;*%*>9F5BC9DI%1B9CCDB5D59<+1<45
"1B>5B1>35 
"B<AG-F8EFFB6<4G<BA4A7*4G8??B64G<BA9BE ,,(74CG<I8+GE84@<A:<A 8G8EB:8A8BHF
8??H?4E&8GJBE>F
'5>381?-9559:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 '9381B4.E
1B<5D?>*>9F5BC9DI1>141)1?E1>759:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>191>7!9E59:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>1.E>:95!9E89>1*>93?=% ' 89>1 
!@C?8@8AG4G<BA4A7I4?H4G<BAB974CG<I8.<78B+GE84@<A:54F87BA%4E>BI86<F<BA(EB68FF
IE2?;1>9*>9F5BC9DI?6#5G(?ED8,1<5C#1D9?>)ECDB1<91#)ECDB1<91
(1I54?C59>9*>9F5BC9DI?6#5G(?ED8,1<5CECDB1<91"182E21CC1>*>9F5BC9DI?6#5G
(?ED8,1<5CECDB1<91(1<9<( 1>85B5)85*>9F5BC9DI?6#5G(?ED8,1<5CECDB1<91 

6*13-(19-3-::-;>692:5;-9)+;1=-

8@B6E4G<6(E<I46L(EBGB6B?
;<778A(8EGHE54G<BA+6;8@89BE(8EI4F<I8B@CHG<A:
(8E>CE;5?;9*>9F5BC9DI?6)?;I?1@1> 1?BE(5J1;9*>9F5BC9DI?6)?;I?1@1> 
8AGE4?<M87%8G;B79BE(!FF<:A@8AGJ<G;B@@BA*898E8A68+<:A4?E8DH8A6L+;<9G
BAGEB?
>>1,95<7?CJ5GC;15<<!12C#?;91B5<1>41F94!Y@5J%SB5J5<<!12C<31D5<
!E35>DB5<1>4?<75B<1ECC5>5<<!12C<31D5<!E35>DB5<1>41B9C131>9>#?;91
5<79E= 
,;8+LA8E:<6A;4A68@8AGB9B8K<FG8A68(8E9BE@4A68<A/<E8?8FF%B5<?8B@5B
;<CF
158IE>1>(D1>6?B4*>9F5BC9DI*((1>7C??>!9=(?6DG1B5'5>D5B(1=CE>7
<53DB?>93C ?B51,??:9>%1B;(?6DG1B5'5>D5B(1=CE>7<53DB?>93C ?B51
8?>7;G?> 9=(5?E<#1D9?>1<*>9F5BC9DI ?B51 
(EBGB6B?+G46>%4CC<A:B9+B9GJ4E889<A87(EBGB6B?9BE&8KG8A8E4G<BA%B5<?8&8GJBE>F
'E981>,5>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1#1D9?>1< 5I
!12?B1D?BI?6(395>351>4)538>?<?7I?>?==E>931D9?>C% ' 89>11>75>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1,59)1>E1G59
)538>?<?795C% ' 89>1'E9#9E1G59)538>?<?795C? !) % ' 89>1,591?
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(8E1>7&9>
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1 
-A?B6><A:G;8+@4EGC;BA8F+8AF8F9BE+@4EG<GL(4E><A:
51>12B95< B957*>9F5BC9DI?6)?E<?EC5!())B1>355>D91>1;<<1B9*>9F5BC9DI?6
)?E<?EC5B1>3514B95>)?=1!())B1>35>4BS!E35I<?D*>9F5BC9DI?6
)?E<?EC5B1>35 
,BCB?B:L6BAGEB?5L6BAGEB??<A:@B5<?<GL9BE6BI8E4:8<AJ<E8?8FFF8AFBEA8GJBE>F
1D981:5=9<9)?<2114:9"?;8D1B>>121*>9F5BC9DI<75B9185B96)?<21*>9F5BC9DI14:9
"?;8D1B<75B91%1C31<!?B5>J*>9F5BC9DI?61ED5<C135B1>35  
EBFF$4L8E'CG<@<M4G<BA9BE*BHG<A:4F87BA$<A>$4L8E8?4LA4?LF<F
5>785>7-95%1B149C5'5C51B38!121>141'?2C?>5B1>45*>9F5BC9DI?6$DD1G1
1>141JJ549>5?E;5B385*>9F5BC9DI?6$DD1G11>141  

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

)+015-;6)+015--=1+-;6-=1+-)+015-%@7-644<51+);165:15-?;-5-9);1655;-95-;

&BI8?LA4@<6&8GJBE>E6;<G86GHE8%B78?4F87BA+GB6;4FG<68B@8GEL4A74@8,;8BEL
<9B5J1(81=C(816978*>9F5BC9DI?6$E<E,9><1>4%1>1I?D9C"5BD9;?@?E<?CB5>38
#1D9?>1<5>D5B6?B(395>D9693'5C51B38#'(!12?B1D?9B54>6?B=1D9AE545B5>?2<5
B1>35(1F?<9C93*>9F5BC9DI?6$E<E9><1>4  
%4FF<I8%46;<A8,LC8B@@HA<64G<BA<A8??H?4E+LFG8@<FGE<5HG87)H8H8CCEB46;
B54B93;"GE?B3145=91(9>931)19G1>898.E,1>73145=91(9>931)19G1> 
*4A7B@
668FF$4G8A6L'CG<@<M4G<BA4A7+G45<?<GLB9 <:;?L
(BCH?4G87$,
54F87%%
8C?BL@8AGF
$<711<9>9>1)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4>4B5I)EB<9;?F(19>D%5D5BC2EB7
(D1D5*>9F5BC9DI?65B?C@135>CDBE=5>D1D9?>'ECC91)E?=1C)9BB?>5>B93CC?>'5C51B38
9><1>4?81>)?BC>5BB93CC?>'5C51B389><1>4(5B75I>4B55F)1=@5B5*>9F5BC9DI?6
)538>?<?7I9><1>4.5F75>9 ?E385BI1FI)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4  
?8K<5?8%%*47<B*8FBHE68+;4E<A:+6;8@8<A$,&8GJBE>FJ<G;<A4A%% 
B8K<FG8A68+68A4E<B
(1611=4?E>*>9F5BC9DI%1B9CCDB1>35245BB5J1;'138549*>9F5BC9DI%1B9CCD
"1B>5<1+1<<S5B1>35.139>581=B9?E41>5*>9F5BC9DI?6<1'?385<<5B1>35 
*4G8
J4E8&8GJBE>B78F9BEB@C?8G<BA,<@8*87H6G<BA<A8I<68
GB
8I<68
B@@HA<64G<BAF
"?81==14(  1B9=)85ECDB1<91>#1D9?>1<*>9F5BC9DIECDB1<918=54?E9;1<96?B>91
>CD9DED5?6)538>?<?7I*((1=58(?B?EB 9>7184*>9F5BC9DI?6%5DB?<5E=1>4"9>5B1<C
 *%"(1E49B1291%1B1CD??(145789)85ECDB1<91>#1D9?>1<*>9F5BC9DIECDB1<91 

-?;/-5-9);165-;>692)5)/-4-5;)5,65;963

A8E:L99<6<8A6LB9*8FBHE68+6;87H?<A:9BE&BA
'EG;B:BA4?%H?G<C?8668FF&'%/<E8?8FF
&8GJBE>
1>71>7)85*>9F5BC9DI?6B9D9C8?<E=2911>14119:E>/81>7)85*>9F5BC9DI?6
B9D9C8?<E=2911>141E<91>85>7*>9F5BC9DI?6B9D9C8?<E=2911>141+93D?B "
!5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141 
*8?4L+8?86G<BA4A7'HG4:8A4?LF<F<ABBC8E4G<I8B:A<G<I8*47<B&8GJBE>FJ<G;A8E:L
4EI8FG<A:
9>75(?ED8G5CD*>9F5BC9DI% ' 89>1(?>7D1?E?(?ED8G5CD*>9F5BC9DI% ' 89>1
59,1>7(?ED8G5CD*>9F5BC9DI% ' 89>1.E1>IE1>.1>7(D?>IB??;*>9F5BC9DI*( 
!A9BE@4G<BA
4:ABFG<6B9?BJ+6;87H?<A:J<G;'CG<@4?8@BG<BA,;E8F;B?7F
.E1>H91>71?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1
?>761>7.E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(8?EH9
!E?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1(8E9.E51;9>
*>9F5BC9DIECDB1<91 
(84>+;4I<A:,;EBH:;'CG<@4?A8E:L+GBE4:8BAGEB?9BE4G48AG8EF
"5891B122178$B57?>(D1D5*>9F5BC9DI*(==1B'1I5C9C3?
(1>?C5(D1D5
*>9F5BC9DI*(5389B1=41?E9$B57?>(D1D5*>9F5BC9DI*("?8C5>E9J1>9&*
*( 
8C?BL@8AGB9&8GJBE><A:!A9E4FGEH6GHE8J<G;%46;<A8,LC8B@@HA<64G<BABAF<78E4G<BAF
-91>7H91>7-E)C9>78E1*>9F5BC9DI% ' 89>1,1<94(114+9B79>91)538*(-9E:E>
/81>7)C9>78E1*>9F5BC9DI% ' 89>1!9=9>-91?)C9>78E1*>9F5BC9DI% ' 89>1
(894?>7/8?E)C9>78E1*>9F5BC9DI% ' 89>1 

  $
 7;1+)3-;>692:)5,$@:;-4:

7;1+)3-;>692!3)5515/)5, 7;141A);165

(?4AA<A:&8GJBE>%<:E4G<BA
B979DD51E=1B4?>3?B491*>9F5BC9DI1>1411=54%?EI1?>3?B491*>9F5BC9DI
1>141'1=9189=#1>141>4B5C1BB9?C#1>141 
',&+J<G6;<A:<A(EBG86G87,E4AFCBEG&8GJBE>F+C86GE4? BFG4A7A8E:L99<6<8A6L
I4?H4G<BA
?B75!Y@5J+9J31V>?E1G59)538>?<?795CE5CC5<4?B6=25B=1>I.129>.5E1G59
)538>?<?795CE5CC5<4?B6=25B=1>I)1=1B19=5>5J1@CIC?>CE<D9>7(@19>
+93D?B!?@5J)5<56?>931(@19> 
CCEB46;8FGB%4K<@<M8G;8'C8A4C46<GLB9?4FG<6'CG<64?&8GJBE>F
1B39ECCC9C545B1<*>9F5BC9DI?61891B1J9<<91==14B9CD?<*>9F5BC9DI*>9D54
9>74?='1E< <=5941B545B1<*>9F5BC9DI?6%5B>1=2E3?B1J9<9=9DB1
(9=5?>94?E*>9F5BC9DI?6B9CD?<*>9D54 9>74?= 
%H?G<C?8,E4I8?<A:*8C4<E@8A(EB5?8@J<G;.<EGH4?&8GJBE>F9BE(BFG
<F4FG8E*8F<?<8A68
85>"159:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>11B<?C?<=1>
"59H>5B*>9F5BC9DI?61<96?B>911F9C*("1CC9=?)?B>1D?B5%?<9D53>93?49"9<1>?
*>9F5BC9DI?61<96?B>911F9CD1<I.?>7<9/81?59:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>195/81>759:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>19CG1>1D8"E;85B:55*>9F5BC9DI?61<96?B>911F9C*( 
A8E:L4J4E8BCG<@<M4G<BAB9@B5<?8@8GEB
6BE8A8GJBE>HA78ECE87<6G45?84::E8:4G87GE499<6
C4GG8EAF
'?4?<6?<F9JE%?<9D53>93?49"9<1>?D1<I-9>7IE/81?%?<9D53>93?49"9<1>?D1<IE94?
"195B%?<9D53>93?49"9<1>?D1<I.1:9>7-E59:9>7*>9F5BC9DI?6%?CDC
)5<53?==E>931D9?>C% ' 89>1389<<5%1DD1F9>1%?<9D53>93?49"9<1>?D1<I 
 $ 
$36<,644<51+);165:)5,-;>69215/

#-:6<9+-336+);165)5,36>$+0-,<315/15);)-5;-9:

;EBABF%88G<A:B9?BJ847?<A8F<A4G48AG8E&8GJBE>F
(89I1?"1?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>79>7:9591>7
?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7?!9?>7 ?>7*>9F5BC9DI
?6(395>351>4)538>?<?7I?>7 ?>71?38E>!9*>9F5BC9DI?6)?B?>D?1>141  
<FGE<5HG874A7LA4@<6%H?G<64FG+6;87H?<A:<A4G
GE884G48AG8E&8GJBE>F
E:951>/85:91>7*>9F5BC9DI% ' 89>19>7E/85:91>7*>9F5BC9DI% ' 89>1
!1GB5>35 G1>.5E>7)85*>9F5BC9DI?6?>7 ?>7?>7 ?>7  
868AGE4?<M87847?<A8
J4E8B9?BJ+6;87H?<A:9BE4G468AG8E&8GJBE>F
(8?EH9!E?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1?>761>7
.E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1!5"9>!9
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1 
+6;87H?<A:9BEE8FCBAF8G<@8<A 47BBC%4C*87H68
-91>7=9>719)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7B189=
5>C1?E)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7  
)H8H8<A:%B78?54F87A4?LF<FBA?BJ+6;87H?<A:<A!A9BE@4G<BA
4:ABFG<64G468AG8E
&8GJBE>F
81?E?<<575?6?==1>4>6?B=1D9?>(ICD5=%!*>9F5BC9DI?6(395>351>4
)538>?<?7I% ' 89>1?!9E%!*>9F5BC9DI?6(395>35)538>?<?7I% ' 89>1
81>7I?E-9>7%!*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1/85>:E>.E5?<<575
?6?==E>931D9?>C>79>55B9>7%!*>9F5BC9DI$6(395>35>4)538>?<?7I% ' 89>1
!98E1(?>7%!*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1"9>785>%!
*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1 

 $6%
$5;-95-;6.%015/:

96>,:-5:15/)5,6%5)*315/$-9=1+-:

,BJ4E7F99<6<8AG(H5?<F;
+H5F6E<58%<77?8J4E8<AG;8!B,J<G;!(I%H?G<64FG
(F5>;;5B=1>C *!5EF5>9"9>4C9CDB9#5D5<79E='1615<1389<<5B9"9>4C9CDB9#5D
*!5EF5>5<79E=#5<C?>"1DD8IC *!5EF5>9"9>4C9CDB9#5D5<79E=,?ED5B
??C5>*>9F5BC9DI?6!5EF5>5<79E="1<9e1+Eh9>9g*>9F5BC9DI?6B5>?2<5B1>35
1>>IE785C 1D8?<95;5*>9F5BC9D59D!5EF5>5<79E= 
4G4BEE8?4G<BA54F87EBJ7F8AF<A:A;4A68@8AG9BEAI<EBA@8AG%BA<GBE<A:
-E 1>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1!91>7!9E59:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1E14?>7"159:9>7*>9F5BC9DI?6
%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 
'A,46'A?<A8,4F>FF<:A@8AG9BEEBJ7FBHE6<A:
/85.1>7(81>781991?)?>7*>9F5BC9DI% ' 89>1/858E9/81>7(81>781991?D?>7
*>9F5BC9DI% ' 89>1.ED9>71?(81>781991?)?>7*>9F5BC9DI% ' 89>1-91?I9>71>
(81>781991?)?>7*>9F5BC9DI% ' 89>1-91?8E1)91>(81>781991?)?>7*>9F5BC9DI
% ' 89>1-9>29>7,1>7(81>781991?D?>7*>9F5BC9DI% ' 89>1 
EBJ76?HFG8E<A:!G8@F<AGB'I8E?4CC<A:?HFG8EF
.?E,E(81>781991?)?>7*>9F5BC9DI% ' 89>1-9?>7,1>7(81>781991?)?>7
*>9F5BC9DI% ' 89>1/85.1>7(81>781991?)?>7*>9F5BC9DI% ' 89>1-91?I9>71>
(81>781991?)?>7*>9F5BC9DI% ' 89>1-91?8E1)91>(81>781991?)?>7*>9F5BC9DI
% ' 89>1-9>29>7,1>7(81>781991?D?>7*>9F5BC9DI% ' 89>1 
'CCBEGHA<FG<6+@4EG'5=86G::E8:4G<BA54F87BA?HFG8E<A:4A7I8AG(EB68FF<A:
5B>1>4?)5BB?C?(15>J*>9F5BC9DI?6"EB391(@19>?CS!E9C5B>1>45J'1=?C
*>9F5BC9DI?6"EB391(@19>?B755B>1<5B>12S*>9F5BC9DI?6"EB391(@19>>D?>9?
5B>1>4?(;1B=5D1?=5J*>9F5BC9DI?6"EB391(@19> 
 $$$
$$);-331;-)5,$7)+-644<51+);165:

5)3@:1:5;-9)+;1=-

,<@8H@H?4G<I8B@C?8K<GL%B78?<A:4A7A4?LF<F9BE+C468
54F87&8GJBE>F
E>E)C9>78E1*>9F5BC9DI59:9>7% ' 89>18E>H91?91>7)C9>78E1*>9F5BC9DI
59:9>7% ' 89>1(8E9.E51;9>*>9F5BC9DIECDB1<91.?>7'5>)C9>78E1*>9F5BC9DI
59:9>7% ' 89>1 
+CE847<A:4A7*8C8G<G<BAF<A+4G8??<G8%(EBGB6B?F
<5CC1>4B?91C?>*>9F5BC9DI?6%14?F1D1<I>4B519DD149*>9F5BC9DI?6%14E1D1<I
"9385<5/?BJ9*>9F5BC9DN457<9(DE4949%14?F1D1<I 

 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

36<,#),16++-::-;>692:

A;4A687?BH7*47<B668FF&8GJBE>FJ<G;BBE7<A4G87%H?G<
(B<AG
E>IE!9E-9491>*>9F5BC9DI% ' 89>1"9>(85>7-9491>*>9F5BC9DI% ' 89>1)?>I&
( &E5;(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B591>4?>7!9-9491>
*>9F5BC9DI% ' 89>1 
BBC8E4G<I8,E4AF@<FF<BA%88GFB@CHG4G<BA(EBI<F<BA<A:<ABJA?<A>
*&
E>E?-9491>*>9F5BC9DI% ' 89>1"9>(85>7-9491>*>9F5BC9DI% ' 89>191>8E1
)1>7(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5)?>I& ( &E5;
(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5-9:E>,1>7-9491>*>9F5BC9DI
% ' 89>1/89<91>7&9E(D1D5;5I<12?6(#% ' 89>1 
EBAG;4H?B@CE8FF<BA4A7'CG<@<M4G<BA9BE?BH7*47<B668FF&8GJBE>F
)81>7-E1>+E(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B595EEI
#7EI5>>CD9DED56?B>6?3?=='5C51B38 ')8575>3I6?B(395>35)538>?<?7I1>4
'5C51B38()'(9>71@?B5)?>I& ( &E5;(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>4
5C97>(9>71@?B5(E=59(E>>CD9DED56?B>6?3?=='5C51B38(9>71@?B5 
BBE7<A4G<BA4A7AG8AA4B@4<ABE@4G<BA<A?BH7
*&FLFG8@F
14981E38'?I1<>CD9DED5?6)538>?<?7I )(G545>"E81==14"182??2*B
'18=1> )(G545>(181B=D91J )'?I1<>CD9DED5?6)538>?<?7I(G545>1=5C
B?CC )'?I1<>CD9DED5?6)538>?<?7I(G545> 
+C468
,<@8EBAG;4H?B@CE8FF<BAB9B@C?8K4F854A7-C?<A>$,+<:A4?F
9>C5?;8?9)85*>9F5BC9DI?6)5H1C1DECD9>*(B91>!F1>C)85*>9F5BC9DI?6)5H1C
1DECD9>*(<1>1D85B5BE1G59)538>?<?795C*(  

1:;91*<;-,$1/5)3!96+-::15/

<FGE<5HG87A8E:L99<6<8A6L4<EA8FF'CG<@<M4G<BA5L%%<A%H?G<68??%!+'BJA?<A>
95>91>7#7EI5>*>9F5BC9DI?6$E<E9><1>4!5#1=)B1>"1I>??D8*>9F5BC9DI
B5<1>4&E1>7?1>8+E*>9F5BC9DI?6$E<E9><1>4"1B;;EE>DD9*>9F5BC9DI?6$E<E
9><1>4 
*B5HFG;4A68
BAFGE4<A87<FGE<5HG8784@9BE@<A:9BE%H?G<68??!AG8E98E8A68&8GJBE>F
-9>BE?/81>7 9>7C?<<575!?>4?>*>9D54 9>74?="?81==14'5J1#1;819 9>7C
?<<575!?>4?>*>9D54 9>74?=  
%H?G<
$4L8E<FGE<5HG874L8F<4AB@CE8FF<I8+8AF<A:4F87?<A74EE<8E
E8DH8A6L'99F8G
FG<@4G<BA<A-C?<A>'%+LFG8@F
9>>91>/81>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 19#9E
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1/89A91>7559:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1  
'A/8<:;G<A: *8J8<:;G<A:+6;8@8F9BECCEBK<@4G8%8FF4:8(4FF<A:?:BE<G;@F
/59>12/59>1<;81>91B<5D?>*>9F5BC9DI1>141#5411789781D@1>181B<5D?>*>9F5BC9DI
1>141=9B1>981C85=91B<5D?>*>9F5BC9DI1>141  
(<C8?<A87+LA6;EBA<M4G<BACCEB46;9BE+4G8??<G8
54F87HGB@4G<6!78AG<9<64G<BA+LFG8@
,59D1?!1>(81>781991?)?>7*>9F5BC9DI% ' 89>1)1?C85>7/81>7(81>781991?
)?>7*>9F5BC9DI% ' 89>1"?B1>E?(81>781991?)?>7*>9F5BC9DI% ' 89>1,59
E1>7(81>781991?)?>7*>9F5BC9DI% ' 89>1!91>78E99>7(81>781991?)?>7
*>9F5BC9DI% ' 89>15>7.1>7(81>781991?D?>7*>9F5BC9DI% ' 89>1!91>7&91>
(81>781991?)?>7*>9F5BC9DI% ' 89>1 

 ($
(19-3-::644<51+);165:$@476:1<4

6,<3);165)5,6,15/

"B<AG?L'CG<@<M87)H47E4GHE8@C?<GH78%B7H?4G<BA
(E>7??>%1B;1>7>5E>7,?>:E#1D9?>1<*>9F5BC9DI ?B51 
,E46G45?8A4?LG<64?E4@8JBE>9BEI4?H4G<A:'CCBEGHA<FG<6+8?86G<BA<A,<@8
.4EL<A:
;4AA8?F
'E@5C8  ?>1>491>>CD9DED5?6(395>35>491#55<5C8 "58D1>491>>CD9DED5?6
(395>35>491?29>B1>39C>491>>CD9DED5?6(395>35>491 
%87<4
4F87%!%''HGC8E9BE@<A:#ABJA$<@<GF<A/<E8?8FF
8C1>(5969*>9F5BC9DI?6,1D5B<??1>141"58B1>D1=1>5C8*>9F5BC9DI?6,1D5B<??
1>141=9B  81>41>9*>9F5BC9DI?6,1D5B<??1>141 
A;4A687+C4G<4?%H?G<C?8K<A:
&BI8?CCEB46;GB%!%'+<:A4?8F<:A
895>8E>85>7#1D9?>1<891?)E>7*>9F5BC9DI)19G1>9;=5D(1B9K3?<5(E@SB95EB5
4K<53DB939DS(*%!B1>35(5B41B(5J79>5B(5AE1>CB1>35.E) (E#1D9?>1<
891?)E>7*>9F5BC9DI)19G1> 
4G4*4G8%4K<@<M4G<BA9BE,8E4;8EGMB@@HA<64G<BA+LFG8@FHF<A:<A<G8?C;458GF
>1=1B91"?<4?F1>*>9F5BC9DI?6B<1>75>#^B>25B75B=1>I(D5F5> 9CC5<566B954B938
<5H1>45B*>9F5BC9DIB<1>75>#^B>25B7*5B=1>I1> ;I9<49J5?B791>CD9DED5
?6)538>?<?7I*(,?<671>75BCD13;5B*>9F5BC9DI?6B<1>75>#E5B>25B75B=1>I 

13314-;-9()=-)5,%-9)0-9;A644<51+);165:

%84FHE8@8AG
54F87%4FF<I8%!%';4AA8?%B78?<A:<A
 M9BE!A7BBE 4??+68A4E<BF
91:9>785>)?>7:9*>9F5BC9DI% ' 89>1-E565>7.9>)?>7:9*>9F5BC9DI% ' 89>1
(D5@85>!9>765>7,1>7)?C8921'5C51B38EB?@5!9=9D54*>9D54 9>74?= 

5<G F
 M%<??<@8G8E
/4I8/<E8?8FFB@@HA<64G<BAHF<A:'E5<G4?A:H?4E%B@8AGH@
4A7(B?4E<M4G<BA%H?G<C?8K<A:
.1>.1>*>9F5BC9DI?6(?ED85B>1<96?B>91*(!?>7!9*>9F5BC9DI?6(?ED85B>1<96?B>91
*(/85/81?*>9F5BC9DI?6(?ED85B>1<96?B>91*(E?4?>7-95*>9F5BC9DI?6
(?ED85B>1<96?B>91*(/85,1>7*>9F5BC9DI?6(?ED85B>1<96?B>91*(.?>7H9?>7'5>
*>9F5BC9DI?6(?ED85B>1<96?B>91*(#9C1B8=54*>9F5BC9DI?6(?ED85B>1<96?B>91
*((?:9(1:EI9725>D5<!12C>D5<?B@?B1D9?>*((89<@1)1<G1B>D5<*("?C85
)EB)5<F9F*>9F5BC9DICB15<#9=1C8B169*>9F5BC9DI?6)5H1C1D1<<1C#H5>
%1BD>5BC*((?<I=1>C8B169#H5>%1BD>5BC*(>4B51C"?<9C38*>9F5BC9DI?6
(?ED85B>1<96?B>91*(<1>,9<<>5B*>9F5BC9DI?6(?ED85B>1<96?B>91*( 
(8E9BE@4A68A4?LF<FB9 L5E<78??H?4E&8GJBE>FKC?B<G<A:@@/4I84C45<?<G<8F<A
+H5HE54AE84F
"E81==14(818=55B$=1B#1D9?>1<*>9F5BC9DI?6(395>35C1>4)538>?<?7I%1;9CD1>
"E81==14<9>:E=#1D9?>1<*>9F5BC9DI?6(395>35C1>4)538>?<?7I%1;9CD1>(I54<9
1CC1>#1D9?>1<*>9F5BC9DI?6(395>35C1>4)538>?<?7I%1;9CD1>1B9C9>%5BF19J
!1>31CD5B*>9F5BC9DI*>9D54 9>74?=&91>7#9!1>31CD5B*>9F5BC9DI*>9D54 9>74?= 
$B64G<BA4F87(8E9BE@4A68%B78?9BE!A7BBE%@/4I8/84E45?8B@@HA<64G<BA
9B1>+5>E7?@1<)85*>9F5BC9DI?6)5H1C1DECD9>,9B5<5CC#5DG?B;9>71>4
?==E>931D9?>CB?E@*('?25BD51D8)85*>9F5BC9DI?6)5H1C1DECD9>*( 
/<7854A7, MB@@HA<64G<BA;4AA8?%84FHE8@8AGF9BE!A7BBE/<E8?8FF&8GJBE>F
#129< 81<94 ?3*>9F5BC9DI)EB;5I$J7EB ;1> ?3*>9F5BC9DI)EB;5I 

-=1+-;6-=1+-644<51+);165:

B@@HA<64G<BA-A78E?4L<A-C?<A>8??H?4E&8GJBE>FJ<G;<FG4A684F87(BJ8EBAGEB?
/5;E>/81>7*D18(D1D5*>9F5BC9DI*('?C5&9>7I1>7E*D18(D1D5*>9F5BC9DI*(
.9&91>*>9F5BC9DI?6#52B1C;1b!9>3?<>*( 
(4E8GB
99<6<8AGEBFF
$4L8E*8C84G874@89BE8I<68
GB
8I<68B@@HA<64G<BAF
#93?<5(1GI5B#1D9?>1<)ECDB1<91#)ECDB1<91>#1D9?>1<*>9F5BC9DIECDB1<91
1F94(=9D8#1D9?>1<)ECDB1<91ECDB1<91  
)B+
J4E8"B<AG%B78+8?86G<BA4A7;4AA8?FF<:A@8AG9BEB@@HA<64G<BAF
'E9,1>7)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7E>/81>7
)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7(85>78E9(?>7)85
?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 81<54 !5D1956)85?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 
46;<A:!A68AG<I88F<:A<A/<E8?8FF&8GJBE>F+G46>8?58E:4@8CCEB46;
/8E?AE>85>(81>781991?)?>7*>9F5BC9DI% ' 89>1.1>7I1>7!9E(81>781991?
)?>7*>9F5BC9DI% ' 89>1?/8?E(81>781991?)?>7*>9F5BC9DI% ' 89>1"59H91
)1?(81>781991?)?>7*>9F5BC9DI% ' 89>1  
/4I89BE@F9BE'I8E?4LB@@HA<64G<BAF9986GFB9,<@8
E8DH8A6L%<F4?<:A@8AG
&E5>D9>?49>95B5>DB1<5(E@S<53
)'B1>35B=1>1B81>7$##))B9>9DI?<<575
E2<9>B5<1>41?EJ9145B5>DB1<5(E@S<53B1>351=548=149*>9F5BC9DI?<<575
E2<9>B5<1>413AE5C%1<93?D5>DB1<5(E@S<53
)'B1>35!E9J1(9<F1)B9>9DI?<<575
)B9>9DI?<<575E2<9>B5<1>4  

!0@:1+)33)@-9):-,-;>692::<-:5;-9)+;1=-

"B<AG(EB545<?<FG<6+6;87H?<A:4A774CG<I8%B7H?4G<BA9BE)H8H84A7;4AA8?J4E8$<A>F
-91>785>)C9>78E1*>9F5BC9DI% ' 89>1,5985>)C9>78E1*>9F5BC9DI% ' 89>1 
84@9BE@<A:8F<:A9BE+86HE8BJA?<A>,E4AF@<FF<BAB9%-
%!%'FLFG8@FJ<G;%H?G<

AG8AA44I8F7EBCC8E
'?>78?>7"?>CD9DED56?B>6?3?=='5C51B38(9>71@?B581E.E5>(9>71@?B5
*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5E>/81>7#1>:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>1-91?=9>785>#1>:9>7*>9F5BC9DI?65B?>1ED93C1>4
CDB?>1ED93C% ' 89>1 
46;8+<M8??B64G<BA<A46>;4H?$<@<G87/<E8?8FF&8GJBE>F
-9%5>7)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7E>/81>7)85
?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7(85>78E9(?>7)85?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 81<54 !5D1956)85?>7 ?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 
+86HE8%H?G<C?8
-F8EF,E4AF@<FF<BA-F<A:%H?G<
(4G;<E86G<BA4?%B7H?4G<BA
"?81==54 165J*>9F5BC9DI?6(?ED8<?B941*()1=5B 81DD12&1D1B*>9F5BC9DI
&1D1B)1B5;" <6?E<I&1D1B*>9F5BC9DI&1D1BEC5I9>BC<1>*>9F5BC9DI?6(?ED8
<?B941*( 
(B?4EB78F9BE&BA6B;8E8AG%!%'+<:A4??<A:
%89<9@'1<?7E>1B<5D?>*>9F5BC9DI1>1411> "1BC<1>41B<5D?>*>9F5BC9DI
1>141'1=I?81BI1B<5D?>*>9F5BC9DI1>1411<9=.1>9;?=5B?7<E1B<5D?>
*>9F5BC9DI1>141 
'A7:846;<A:J<G;+86E86LBAFGE4<AGF
B545B9312BIE1G59)538>?<?795CB1>35'5C51B385>D5BB1>35+1<5B9?9?7<9?
B1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 D1<I>7=1B!1>4E1G59
)538>?<?795CB5>38'5C51B385>DB5B1>35 

 $
,06+)5,$-5:69-;>69215/$@476:1<4

#6<;15/

+<@H?4G<BA+GH7LB9*BHG<A:GG46>F-A78E&8GJBE>B7<A:AI<EBA@8AG
'E?E>19#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5  "4 #1G1J<9#1>I1>7
)538>?<?7931<*>9F5BC9DI(9>71@?B585BBI.5E>7#1>I1>7)538>?<?7931<*>9F5BC9DI
(9>71@?B5"9>7/81?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5%5D5B1>??8?>7
E3;<1>4*>9F5BC9DI?6)538>?<?7I#5G/51<1>4 
B@C4E<A:<AG8E
7B@4<AEBHG<A:CEBGB6B?4FF8FF@8AGGBB?F9BE%&,
<?B91>B1>48?==5*>9F5BC9DI?6'5>>5C '(!12?B1D?BIB1>359<<5CE5DD5
'(B1>354<5> C5>D9>9EB53?=B1>35)895BBI%<5CC5"B1>35 
BBC8E4G<I8*BG4G<BA4?+J88C+6;8@8F9BE8B:E4C;<6*BHG<A:
E>7)CE>7)C19#1D9?>1<)19G1>#?B=1<*>9F5BC9DI)19G1>.E>78C91>7(1=1>#1D9?>1<
)19G1>*>9F5BC9DI?6(395>351>4)538>?<?7I)19G1> 
%H?G<C4G;*BHG<A:CCEB46;GBA;4A68*8F<?<8A6L4A7+64?45<?<GL<A7
;B6&8GJBE>F
<5H1>4B?C!141C 9>7CD?>*>9F5BC9DI*>9D54 9>74?=#9;?<1?C%1F<1D?C 9>7CD?>
*>9F5BC9DI!?>4?>*>9D54 9>74?=#EG1>(,55B1C9>785 9>7CD?>*>9F5BC9DI9(395>D1
!9=9D54*>9D54 9>74?=8B9CD?C%?<9D9C 9>7CD?>*>9F5BC9DI*>9D54 9>74?= 
$BJA8E:LBAFH@CG<BA*BHG<A:(EBGB6B?9BE%B5<?8+8AFBE&8GJBE>FJ<G;4(4G;

BAFGE4<A87%B5<?8+<A>
")1E69A#EBEJJ1=1>#1D9?>1<)19G1>*>9F5BC9DI?6(395>351>4)538>?<?7I(E>1>
1<9:171(D1D5C<1=93*>9F5BC9DI)19G1>E59,5>5B>7#1D9?>1<)19G1>*>9F5BC9DI?6
(395>351>4)538>?<?7I)19G1> 

(19-3-::-;>6927731+);165:5;-9)+;1=-

BAFGEH6G<A:4*8?<45?84A74FG*86BI8E45?8&8GJBE>9BEEBA8F
9I5?>!55 ?B51*>9F5BC9DI ?B51 1>78? 9= ?B51*>9F5BC9DI ?B51(5E>78?.??
 ?B51*>9F5BC9DI ?B51<25BD8E>7 ?B51*>9F5BC9DI ?B51??>.5?@!55 ?B51
*>9F5BC9DI ?B51(5?>7:??>%1B; ?B51*>9F5BC9DI ?B51G1>7>1= 9= ?B51
*>9F5BC9DI ?B51 
(EBGB6B?'CG<BAF9BE$BJ(BJ8E+8AFBE&8GJBE>%HF<A:/4>8
HC*868<I8EFJ<G;HGL
L6?<A:
?81>>5C<?25<*>9F5BC9DI?6%145B2?B>5B=1>I8B9CD?@8(?==5B%145B2?B>
*>9F5BC9DI5B=1>I1<;?B5CC<5B*>9F5BC9DI?6%145B2?B>5B=1>I  
B@@HA<64G<BAA4?LF<FB9*84?.8;<6H?4E4?<5E4G87,E468F
5<9@5E>81545B1<*>9F5BC9DI?6"9>1C5B19CB1J9<12BV39?7E91B(9<F1545B1<
*>9F5BC9DI?6"9>1C5B19CB1J9<<1IC?>5<5C545B1<*>9F5BC9DI?6"9>1C5B19CB1J9<
E9<85B=5"191545B1<*>9F5BC9DI?6"9>1C5B19CB1J9<!9>>I5B51DBIC'E9J(D1D5
*>9F5BC9DI?6"1B9>7M#)#")B1J9<'?CC1>1"1B91451CDB?>4B145545B1<
*>9F5BC9DI?651BMB1J9<'1AE5<  "9>9%*"9>1CB1J9<JJ549>5?E;5B385
*>9F5BC9DI?6$DD1G11>141>D?>9?  !?EB59B?545B1<*>9F5BC9DI?6"9>1C5B19C
B1J9<  
.<78BB@CE8FF<BA<AG;8&8<:;5BE;BB7A'CCBEGHA<FG<6CCEB46;
9=9DB9C81DJ?@?E<?C?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7
1D8<55>(E39@D??>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7(?;?< ?CD1
(1@95>J1*>9F5BC9DI?6'?=5D1<I%1>E9?>7 ?>7*>9F5BC9DI?6(395>351>4
)538>?<?7I)5<5;?=>>?F1D9?>!12?B1D?B95C?>7 ?>7  
%H?G<
BC4G4<FF8@<A4G<BAJ<G;+8?9<F;&B78F'CG<@4?86<F<BA4A74<EBFG??B64G<BA
4F87BAG;8+;4C?8L.4?H8
"1849"?EC1F9)*1B=CD14D5B=1>I(12B9>1"^<<5B)538>9C385*>9F5BC9DOD1B=CD14D
5B=1>IECC59><(81DB9)*1B=CD14D5B=1>I5B>4B59C<525>%89<9@@C
*>9F5BC9DOD"1B2EB75B=1>I>:1 <59>)*1B=CD14D5B=1>I 
<FGBEL
4F87%H?G<
&B78B??45BE4G<I8$B64?<M4G<BA<A%B5<?8/<E8?8FF7 B6&8GJBE>F
,5>IE1>85>?<<575?6<53DB?>931>4>6?B=1D9?>>79>55B9>7(?ED8G5CD*>9F5BC9DI% '
89>1(?>7D1?E?(?ED8G5CD*>9F5BC9DI% ' 89>1.1>,E(?ED8G5CD*>9F5BC9DI% '
89>1.E1>IE1>.1>7(D?>IB??;*>9F5BC9DI*(  

 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

36<,$-+<91;@

99<6<8AG(E<I46L
(E8F8EI<A:<E6H?4E*4A:8+84E6;BA'HGFBHE687+C4G<4?4G4
1?'5>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1?>7G59!9
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>11?85>*>9F5BC9DI
?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1"93815< @95211B58*>9F5BC9DI?6
<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1!91>/81?'I5BC?>*>9F5BC9DI
1>141 
(++6;<8I<A: <:;
899<6<8A6L4A7(E<I46L
CE8F8EI<A:+<@<?4E<GL+84E6;<A%H?G<C?8?BH7F
9>7E?!9(81>7819*>9F5BC9DI?6<53DB93%?G5B% ' 89>1"9,5>(81>7819*>9F5BC9DI?6
<53DB93%?G5B% ' 89>18E>8E1E1CD89>1*>9F5BC9DI?6(395>351>4)538>?<?7I
% ' 89>1?>7G59!9*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% '
89>1 
+86HE8'HGFBHE6<A:B9+64?4E%H?G<C?<64G<BABA??<CG<6HEI8F
19/8?E"(**(91>'5>"938971>(D1D5*>9F5BC9DI*( 
+GEH6GHE87)H8E<8FJ<G;8A8E4?<M87(4GG8EA%4G6;<A:BAA6ELCG87?BH74G4
#1>91#1D9?>1<*>9F5BC9DI?6565>C5)538>?<?7I?<<575?6?=@ED5B% ' 89>1
-91?8E1919DI*>9F5BC9DI?6?>7 ?>7?>7 ?>7?>7C85>7,1>7#1D9?>1<
*>9F5BC9DI?6565>C5)538>?<?7I% ' 89>1(81?:9>7E#1D9?>1<*>9F5BC9DI?6565>C5
)538>?<?7I% ' 89>1"9>7-E#1D9?>1<*>9F5BC9DI?6565>C5)538>?<?7I% ' 89>1 
GGE<5HG8
4F87A6ELCG<BA+6;8@84F87BA+!
)91>IE/81?*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1!9>72?,59
*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>189/81>7*>9F5BC9DI?6(395>35
1>4)538>?<?7I?689>1% ' 89>1 

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

#-:6<9+-336+);165

"B<AG(E<BE<G<M87$<A>+6;87H?<A:4A7*8FBHE68??B64G<BA9BE'%
54F87/<E8?8FF&8GJBE>F
)E?>7E3?1>7*>9F5BC9DI?6&E52531>141!?>71?!5#'(*>9F5BC9DI?6&E5253
1>141)8?!5#7?3"39<<*>9F5BC9DI1>141 
"B<AG'CG<@<M4G<BA9BE+B6<4?BAG8AG8?<I8EL<A/<E8?8FF&8GJBE>F
-91>7>1>,5>7*>9F5BC9DI?6"1BI<1>4*(?8>1B1C*>9F5BC9DI?6"1BI<1>4?<<575
%1B;*( 
46;<A:FGE4G8:<8F<A 8G8EB:8A8BHF&8GJBE>FJ<G; F@4??+4A7@46EB+
6B@@HA<64G<BAF
B5>5%1@@1<1B4?*>9F5BC9DI?6%14?F1D1<I9?B79?&E5B*>9F5BC9DI?61<96?B>91(1>
957?*(81C;1B'1?*>9F5BC9DI?61<96?B>91(1>957?*("9385<5/?BJ9
*>9F5BC9DI?6%14?F1D1<I 
'A'CG<@4?$<A>+6;87H?<A:J<G;%<A
%4K(84>:8B9!A9BE@4G<BA<A/<E8?8FF+LFG8@F
&9>75!9>;[@9>7*>9F5BC9DI(G545>9.E1>!9>;[@9>7*>9F5BC9DI(G545>>D8?>I
@8B5=945C*>9F5BC9DI?6"1BI<1>41D?<<575%1B;*( 
+G4G<FG<64?)B+A4?LF<FB9H??HC?8K4A7 4?9HC?8K 8G8EB:8A8BHF8??H?4E&8GJBE>F
<9B5J1(145789*>9F5BC9DI?6"9>>5C?D1*("9385<5!EF9C?DD?*>9F5BC9DI?6%14?F1
D1<I1BC814!18?ED91<D538>CD9DED5?6)538<?>?7I*((D561>?+9DDEB9#'D1<I
"9385<5/?BJ9*>9F5BC9DI?6%14?F1D1<I 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

!91=)+@)5,$-+<91;@

+86E86L*4G8%4K<@<M4G<BA<A4B:A<G<I8*47<B&8GJBE>J<G;EG<9<6<4?&B<F8<7879BE%!+'
%H?G<
I8F
9>8+1>#7EI5>(??>7C9<*>9F5BC9DI ?B51)BE>7& E?>7&E55>C*>9F5BC9DI5<61CD
*>9D54 9>74?=$3D1F91 ?2B5"5=?B91<*>9F5BC9DI1>141$8(??>(89>(??>7C9<
*>9F5BC9DI ?B51 
-F<A:4@8,;8BELGB4GG?8"4@@8E<ABAGEB?;4AA8?FB9B:A<G<I8*47<B7;B6&8GJBE>F
1G14(1<589(81B96*>9F5BC9DI?6)538>?<?7IB1>"?81==14'5J1$C;?E9(81B96
*>9F5BC9DI?6)538>?<?7IB1>%9B1J8 8?BB1=C8189(81B96*>9F5BC9DI?6)538>?<?7IB1> 
$<A84E(E86B7<A:9BEB:A<G<I8%H?G<C?8668FF/<E8G4C;4AA8?J<G;<A<G8
?C;458G!ACHGF
E5>9>79>(81>781991?)?>7*>9F5BC9DI% ' 89>185>7C81>-91?"9CC?EB9*>9F5BC9DI
?6(395>351>4)538>?<?7I*("59H91)1?(81>781991?)?>7*>9F5BC9DI% ' 89>1
,5>85>(81>781991?)?>7*>9F5BC9DI% ' 89>1  
.<EGH4?%!%'54F87AG<
"4@@<A:+GE4G8:L9BEB:A<G<I8*47<B&8GJBE>F
!59!9*>9F5BC9DI?6"1CC138EC5DDC!?G5<<*(8E>H91?)B93918971>*>9F5BC9DI?6
"1CC138EC5DDC!?G5<<*(  
(EBG86G<A:B:A<G<I8*47<B&8GJBE>F:4<AFG(B<FFBA<FGE<5HG874I8F7EBCC8EF
.E5=9>719>CD9DED5?6?==E>931D9?>C>79>55B9>7%!*()% ' 89>1-91?=9>7-E
?<<575?6?==E>931D9?>C>79>55B9>7%!*()% ' 89>191?5?>7 ?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7,59G59.1>7>CD9DED5?6
?==E>931D9?>C>79>55B9>7%!*()% ' 89>1-91>7IE>/8?E)85ECDB1<91>#1D9?>1<
*>9F5BC9DIECDB1<91  

 $$
644<51+);165:$6.;>)9-$-9=1+-:)5,
<3;14-,1)7731+);165:$@476:1<4

6*13--;>692$-9=1+-:

)B!A7<64GBE4A74,E4AF@<FF<BABAGEB?%8G;B79BE.B!(BA%B5<?8&8GJBE>FBAF<78E<A:
8?4L+C<>8F
?9389#9859#?B@?B1D9?>1@1> ?J?(1D?41#?B@?B1D9?>1@1>9B?C89
.?C8941#?B@?B1D9?>1@1>  
,E499<6+6;87H?<A:4A7(BJ8E??B64G<BAF9BE%B5<?84G4'99?B47<A:I<4H4?
BAA86G<I<GL
.E1>,E/85:91>7*>9F5BC9DI?6)538>?<?7I% ' 89>1.1>6595/85:91>7*>9F5BC9DI?6
)538>?<?7I% ' 89>1!9@9>7&91>/85:91>7*>9F5BC9DI?6)538>?<?7I% ' 89>1
(85B=1>(85>*>9F5BC9DI?6,1D5B<??1>141  
BHEABGDH<?<5E<H@<AG;8%B5<?8.<EGH4?&8GJBE>'C8E4GBE'E<8AG87'?<:BCB?L'99?B47<A:
%4E>8G
59(E>(81>781991?)?>7*>9F5BC9DI% ' 89>1?!9E51;9>*>9F5BC9DIECDB1<91
5>?E*>9F5BC9DI?6"131E"131?192?/8?E*>9F5BC9DI?6,1D5B<??1>141E9!9>
(81>71991?)?>7*>9F5BC9DI% ' 89>191385>785>(81>781991?)?>7*>9F5BC9DI
% ' 89>1  
'CG<@<M<A:G;8,;EBH:;CHGB9%<??<@8G8E/4I8/<E8?8FFB@@HA<64G<BAF
81?!9/85:91>7*>9F5BC9DI% ' 89>1(892?5/85:91>7*>9F5BC9DI% ' 89>1/897E?
(89/85:91>7*>9F5BC9DI% ' 89>19=9>785>/85:91>7*>9F5BC9DI% ' 89>1  
8I<68
GB
78I<68FF<FG87.<78BE4@8*86BI8EL9BE(<6B68??7:8-F8EF<A 8G8EB:8A8BHF
&8GJBE>F
/89!9E,1C541*>9F5BC9DI1@1>"91>H9?>7?>7"EB?B1>>CD9DED5?6)538>?<?7I
1@1>1?/8?E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1-91?I1>,1>7
21B1;9*>9F5BC9DI1@1>.EC85>79#1D9?>1<>CD9DED5?6>6?B=1D93C1@1>.?C891;9
)1>1;1,1C541*>9F5BC9DI1@1>  

 %
644<51+);165:%0-69@

##

A8E:L99<6<8A6L
*4G8%H?G<B5=86G<I84@8,E478B99F +64?4E<F4G<BA,86;A<DH8F4A7
<FGE<5HG87!@C?8@8AG4G<BA
F1>(DE@91*>9F5BC9DS1D8?<9AE545!?EF19>5<79E=!E3+1>45>4?B@5*>9F5BC9DS
31D8?<9AE545!?EF19>5<79E=  
-A<I8EF4??L&84E
'CG<@4?'A?<A8(BJ8EBAGEB?9BEA8E:L 4EI8FG<A:&B78F
?B(81F9F(D1>6?B4*>9F5BC9DI*(I65BLJ7^B(D1>6?B4*>9F5BC9DI*(  
"B<AG(BJ8E4A7*4G8'CG<@<M4G<BA9BEB
;4AA8?+@4??8??F-F<A:E4A>
/B?98?:BE<G;@
19>9>7,1>7*>9F5BC9DI?61<96?B>911F9C*(/899>7*>9F5BC9DI?61<96?B>911D
1F9C*(  
8?4L%<A<@4?(B?<6<8F<AA8E:L 4EI8FG<A:EB4764FG;4AA8?F
"9>781>E)C9>78E1*>9F5BC9DI% ' 89>18=54B161*>9F5BC9DI?6"1BI<1>4?<<575
%1B;*((5>>EB*<E;EC*>9F5BC9DI?6"1BI<1>4*(,5985>)C9>78E1*>9F5BC9DI
% ' 89>1  
,;EBH:;CHG
'CG<@4?*4G874CG4G<BA9BE8FG
%887546><A'%+LFG8@F
?29>B1>39C>491>>CD9DED5?6(395>35>491#55<5C8 "58D1>491>>CD9DED5?6
(395>35>491  

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

5-9/@)9=-:;15/

"B<AG7@<FF<BABAGEB?4A7BAG8AG46;<A:(B?<6L9BEA8E:L 4EI8FG<A:668FF(B<AGF
EC9D#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5?>7> 9=(E>7;IE>;G1>
*>9F5BC9DI( * ?B51%9>7,1>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5"5849
5>>9C5>DB5?6,9B5<5CC?==E>931D9?>C*>9F5BC9DI?6$E<E9><1>4  
(8E9BE@4A68$<@<GFB9A8E:L 4EI8FG<A:B@@HA<64G<BAFHA78E!@C8E986G;4AA8?+G4G8
!A9BE@4G<BA
"?81=54'9481/5>1949 *()(1E49B1291/?E859B'5J;9 9>724E<<18*>9F5BC9DI?6
(395>351>4)538>?<?795 *()(1E49B12911=94?E)5=29>5#5G.?B;*>9F5BC9DI
!51B>9>71>41=5)85?BI!12*("?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6
(395>351>4)538>?<?7I *()(1E49B1291  
BH5?8
H6G<BA
4F87A8E:L,E47<A:9BE+@4??8??&8GJBE>FJ<G;A8E:L 4EI8FG<A:
#1F94'5I81>91>*>9F5BC9DI?6)58B1>B1>58B?EJ"181=#1J1B21I5F*>9F5BC9DI
1J1;8CD1>+1894(818"1>C?EB9*>9F5BC9DI?6)58B1>B1>81E.E5>(9>71@?B5
*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5  
,E4AF@<FF<BA+6;8@8F4A7(8E9BE@4A68A4?LF<F9BE,<@8
+J<G6;<A:A8E:L 4EI8FG<A:
*868<I8EF
/85>7G59#9#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5"58E<"?D1>9#1D9?>1<*>9F5BC9DI
?6(9>71@?B5(9>71@?B5  
<FGBEG<BA%<A<@<M4G<BA<AA8E:L 4EI8FG<A:+8AFBE&B78FJ<G;B@CE8FF<BA(BJ8EBAFGE4<AGF
'1:C85;81B+9C8G5C8G1B81D#1D9?>1<*>9F5BC9DI(9>71@?B5(9>71@?B5"58E<"?D1>9
#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B5)5>7??>!9=#1D9?>1<*>9F5BC9DI?6
(9>71@?B5(9>71@?B5 

!6>-9 5-9/@15141A);165

'CG<@4?8F<:AB9/<E8?8FF&8GJBE>F9BEEB4754A7668FFJ<G;%<A<@H@(BJ8EBAFH@CG<BA
1>95<+5B5>JE5<1!9>;[@9>7*>9F5BC9DI(G545>=9<:[B>C?>!9>;[@9>7*>9F5BC9DI
(G545>!E31(1>7E9>5DD9*>9F5BC9DI?6%9C1(*%!D1<I  
4G44A7A8E:LBBC8E4G<BA<A*8?4L
8A;4A687'%FLFG8@F
-E5A9>7E1>7#5G5BC5I>CD9DED5?6)538>?<?7I*(#9BG1>>C1B9#5G5BC5I
>CD9DED5?6)538>?<?7I*( 
6;<8I<A:A8E:L+4I<A:J<G;)B+H4E4AG889BE/$&HF<A:+&
.E9185>#1D9?>1<891?)E>7*>9F5BC9DI)19G1>.9C9>(85>#1D9?>1<891?)E>7
*>9F5BC9DI)19G1>!98E>,1>7#1D9?>1<891?)E>7*>9F5BC9DI)19G1>  
A8E:LBAFH@CG<BA9BE4G4<FGE<5HG<BA<ABAG8AG8?<I8EL&8GJBE>F
>4B5191>3?%?<9D53>93?49)?B9>?D1<I'5J1"1C81I5;89%?<9D53>93?49)?B9>?D1<I
"9385<1"5?%?<9D53>93?49)?B9>?D1<I  
'AG;8'CG<@<M4G<BAB9-F8E
8AGE<6A8E:L
99<6<8AG
*&
85.9!9>3145=91(9>931)19G1>8911>!553145=91(9>931)19G1>5>,19)C1?
#1D9?>1<)19G1>*>9F5BC9DI  

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

(19-3-::-;>692:

-F8E47@<FF<BA%4K<@<M4G<BA4F87'A*8FFBHE68??B64G<BA<A/<E8?8FF&8GJBE>F
1?EJ9/1B19(61H*>9F5BC9DI)E>9C91"?81==14( $21941D?B481=*>9F5BC9DI*(
19C">96#)$"*>9F5BC9DI?6(61H)E>9C915;=1811B9!))E>9C91!?D69
1==?E>%B?665CC?B)E>9C91  
/<E8?8FF(BJ8EBAGEB??87,(J<G; B?7BI8E
5F9>(38E25BD(D1>6?B4*>9F5BC9DI*(#938?<1C1=2?C(D1>6?B4*>9F5BC9DI*(  
A99<6<8AG+H5
E4@84F87,4:!78AG<9<64G<BA?:BE<G;@9BE- *!+LFG8@F
91>(E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1/85>77E?
(85>7*>9F5BC9DI?6(ECC5H*>9D54 9>74?=1>65>7?>7)538>931<*>9F5BC9DI"E>938
5B=1>I+93D?B " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141  
*E8DH8A6L
54F87;4AA8?668FF+6;8@89BEH??
HC?8K/<E8?8FF&8GJBE>F
"9385<5!EF9C?DD?*>9F5BC9DI?6%14?F1D1<I<9B5J1(145789*>9F5BC9DI?6"9>>5C?D1
*(1BC814!18?ED91<D538>CD9DED5?6)538<?>?7I*((D561>?+9DDEB9#'D1<I
"9385<5/?BJ9*>9F5BC9DI?6%14?F1D1<I  
K'*B@C46G*8?<45?8'CCBEGHA<FG<64G4BEJ4E7<A:9BE/<E8?8FF%8F;&8GJBE>F
85>/81>7"5=?B91<*>9F5BC9DI?6#5G6?E>4<1>41>141.E1>J8E85>"5=?B91<
*>9F5BC9DI?6#5G6?E>4<1>41>14185>7!9"5=?B91<*>9F5BC9DI?6#5G6?E>4<1>4
1>141  
#),16++-::-;>692:

<8E4E6;<64?BBC8E4G<BA<A 8G8EB:8A8BHF?BH7*47<B668FF&8GJBE>F
%?1>E1>7#1D9?>1<)19G1>*>9F5BC9DI)19G1>CE 1?#1D9?>1<)19G1>*>9F5BC9DI
)19G1>,1>:9E>!91?#1D9?>1<)19G1>*>9F5BC9DI)19G1>  
,E4AF@<G84@9BE@<A:9BE)B!@CEBI8@8AG<A
*&J<G;%B5<?8.<EGH4?&8GJBE>'C8E4GBEF
/58E1,1>7*>9F5BC9DI?6B9D9C8?<E=2911>1415BB93;,9>7 G1>#7*>9F5BC9DI?6
#5G(?ED8,1<5CECDB1<91+9>35>D, ( ,?>7*>9F5BC9DI?6B9D9C8?<E=2911>141
'?25BD(38?25B*>9F5BC9DI?6B9D9C8?<E=2911>141  
!78AG<9L<A:4.B?HAG88E
?<>8<?8@@4<ABBC8E4G<I8+8AF<A:
@CBJ8E87B:A<G<I8*47<B
&8GJBE>
1:1B<1==?ED9#%)"?B?33?CC194(129B1CC1>*>9F5BC9DI?61C12<1>31
#(""?B?33?!?E2>1381229#%)"?B?33?'13894<J?EJ9*>9F5BC9DI?6F97>?>
B1>35  
4FG?:BE<G;@9BE-G<?<GL%4K<@<M4G<BA<A
*&J<G;"B<AG)B+4A7EBAG;4H?*4G8BAFGE4<AGF
91>/81?#1>:9>7*>9F5BC9DI% ' 89>1)?>I& ( &E5;(9>71@?B5*>9F5BC9DI?6
)538>?<?7I1>45C97>(9>71@?B5/1>45B/8?>749>7!59>CD9DED56?B>6?3?==
'5C51B38(9>71@?B5  
B@CHG4G<BA'99?B47<A:<A?BH7
*&4F87%B5<?8?BH7B@CHG<A:+LFG8@
9>;E>85>7)C9>78E1*>9F5BC9DI% ' 89>1.E1>=9>7(89(81>7819)538*>9F5BC9DI% '
89>1?19)C9>78E1*>9F5BC9DI% ' 89>1,5985>)C9>78E1*>9F5BC9DI% ' 89>1 

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

-?;/-5-9);16536>)5)/-4-5;

,E499<6(E87<6G<BA4F87*8FBHE68BA9<:HE4G<BA<A+C468
54F87+LFG8@F
E>E)C9>78E1*>9F5BC9DI59:9>7% ' 89>18E>H91?91>7)C9>78E1*>9F5BC9DI
59:9>7% ' 89>1.9&91>*>9F5BC9DI?6#52B1C;1b!9>3?<>*(/8E1>*>9F5BC9DI?6
?ECD?>*(.?>7'5>)C9>78E1*>9F5BC9DI59:9>7% ' 89>1  
?BJ
54F87&&E6;<G86GHE8
-91?29>)1>*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1/8961>/81?
*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1.E:91?85>7*>9F5BC9DI?6
(395>351>4)538>?<?7I?689>1% ' 89>1E>H91>7(E*()% ' 89>1  
(EBCBEG<BA4?4A7J<7G;+;4E<A:-F<A:4L8F<4A!A98E8A68<A+&
54F874G48AG8EF
%EB>9=1"EB1<9"?81>#1D9?>1<*>9F5BC9DI?6(9>71@?B5(9>71@?B59>9<"?>9F1;1B1>
>CD9DED56?B>6?3?=='5C51B38(9>71@?B5"?81>EBEC1=I#1D9?>1<*>9F5BC9DI?6
(9>71@?B5(9>71@?B5 
+8C4E4G<A:(E87<6G45?84A7-ACE87<6G45?8?BJFI<4LA4@<6?BJ%<A<A:9BE9986G<I8,E499<6
A:<A88E<A:
.?ECE;5)1;181C89#))1@1> 59CE;5C8921C89#))1@1>"1C1IE;9)CE:9>?#))
1@1>#?B91;9 1=9I1=1$C1;1*>9F5BC9DI#))#5DG?B;)538>?<?7I!12?B1D?B95C
1@1> ?859(89?=?D?#))1@1>)1DCEI1$D?C89$C1;1*>9F5BC9DI1@1>.E9389
$8C9D1$C1;1*>9F5BC9DI1@1>"1C1IE;9"EB1D1$C1;1*>9F5BC9DI1@1>  
%4E>BI%B78?B9&(8A7<A:!AG8E8FG,45?8'66HC4A6LJ<G;!AG8E8FG,<@8BHG4A7*8GE<8F
=E411=5C2E)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7
B189=5>C1?E)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>78=54
" 245<=?>95=)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7  
<;<9-5;-95-;)5,-?;/-5-9);165-;>69215/9+01;-+;<9-:5;-9)+;1=-

BJA?<A>BI8E4:8A4?LF<FB9,JB
,<8E 8G8EB:8A8BHF&8GJBE>FJ<G;FLA6;EBABHF+?BGF
+1894#178C89>*>9F5BC9DI?6#5G(?ED8,1<5CECDB1<91"1B;'554*>9F5BC9DI?6#5G
(?ED8,1<5CECDB1<91(D5@85>1><I"13AE1B95*>9F5BC9DIECDB1<91#5412?ED?B12
*>9F5BC9DI?6#5G(?ED8,1<5CECDB1<91  
BE@H?4G<BAB9(4G;+8?86G<BA5L@84AFB9@4K<@H@9?BJ4A7@<A<@H@78?4LBA4E88+C468
'CG<64?,BCB?B:L
(3?DD?G<5B!9>;[@9>7*>9F5BC9DI(G545>5?B751B1F49C8!9>;[@9>7*>9F5BC9DI
(G545>  
"B<AG%H?G<
*,F4A7?BH7
+8EI<68%4G6;<A:+6;8@8<A/<E8?8FF 8G8EB:8A8BHF&8GJBE>F
E1>8E1&91?*>9F5BC9DI$6<53DB?>93(395>35>4)538>?<?7I$689>1% ' 89>1
(E@5>7!5>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1.1>
/81>7(9=E<1'5C51B38!12?B1D?BI1>4*>9F5BC9DI?6$C<?#?BG1I!91>7-E*>9F5BC9DI?6
<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1  
%4G6;<A:4@89BE4G4,E47<A:<A'C8E4GBE
+HC8EI<F87-F8E
(EBI<787&8GJBE>F
51DB9J!?B5>J?*>9F5BC9DI?6+97?(@19>B1>39C3? ?>JM<5J1CD1X?*>9F5BC941445
+97?(@19>  
)B
4J4E8?4FG<6<GL+HCCBEG<A?BH7
&4G<I8+LFG8@F
(E>>IEDD11<D?*>9F5BC9DI9><1>4)1B9;)1<521<D?*>9F5BC9DI9><1>44<5>
C5>D9>9EB53?=B1>35  
)B+
+4A8J9BEJ4E7<A:FGE4G8:LJ<G;)B+9BEEBHG<A:<A&4@874G4&8GJBE><A:
5BB?E385245<1<9*>9F5BC9DI?6%1B9CCDB1>35"ECD1@81'541(5>?E39"%<75B91
245<81=94"5<<?E;*%*>9F5BC9DI%1B9CCDB5D59<+1<45"1B>5B1>35  

  $
 7;1+)3-;>692:)5,$@:;-4:

7;1+)3-;>692:)5,$@:;-4:5;-9)+;1=-

(8E9BE@4A68B@C4E<FBA8GJ88A+C4G<4?%H?G<C?8K<A:4A7+C4G<4?%B7H?4G<BA<A!A7BBE%!%'
.<F<5?8$<:;GB@@HA<64G<BA+LFG8@F
E9G595"?>1C8*>9F5BC9DIECDB1<91)8?=1C,1>7"?>1C8*>9F5BC9DIECDB1<9151>
B=CDB?>7"?>1C8*>9F5BC9DIECDB1<91  
4C46<GLBHA7F9BE(4E4??8?!%
'CG<64?/<E8?8FF;4AA8?F
>1C81121> 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I(1E49B1291/?E859B
'5J;9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?795 *()(1E49B1291
"?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I *()(1E49
B1291  
A4?LF<F4A78F<:AB9@C?<GH78%B7H?4G<BA9BE'CG<64?/<E8?8FFB@@HA<64G<BAJ<G;+;BG
&B<F8
85>?>7*()% ' 89>1&91>1?*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1
% ' 89>1/85>7IE1>-E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1  
&BA
?<A8
B9
F<:;G;4AA8?!@CH?F8*8FCBAF8;4E46G8E<F4G<BA<A.<F<5?8$<:;GB@@HA<64G<BAF
85>785>*>9F5BC9DI?649>2EB78*>9D54 9>74?=EC8I1>D811C>1I1;1)85
*>9F5BC9DI?649>2EB78*>9D54 9>74?=1B1<411C)85*>9F5BC9DI?649>2EB78*>9D54
9>74?=  
 $ 
$36<,644<51+);165:)5,-;>69215/

36<,644<51+);165:)5,-;>69215/5;-9)+;1=-

$<A+'++86HE8'HGFBHE6<A:B9$<A84EB@CHG4G<BAF4F87BA99<A8%4CC<A:
19/8?E"(**(91>'5>"938971>(D1D5*>9F5BC9DI*( 
(BJ8E
99<6<8AG.<EGH4?%46;<A8*8C?<64G<BA<A4G48AG8EF
%1I=1> 81>9(**(9>)1>71<96?B>91(D1D5*>9F5BC9DI?=9>7E5J9<<C*(
91>381?1>(**("?8C5>585C8D9(**(  

 $%
$-)3;0

--)3;0-;>692:

+BHE68*BHG<A:J<G;(EBGB6B?
B5?<I<BHFBEJ4E7<A:('GBA45?899<6<8AG8
84?G;4G4
,E4AF98EF
(85>7BE!9*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>11?IE>E
*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1,5>:91>1>7*>9F5BC9DI?6
(395>351>4)538>?<?7I?689>1% ' 89>1/EA9>7/8E*>9F5BC9DI?6(395>351>4
)538>?<?7I?689>1% ' 89>1  
A!A6E8@8AG4?$84EA<A:?4FF<9<64G<BA?:BE<G;@54F87BABE:8GG<A:46GBE9BE8 84?G;
&8GJBE>F
!9.1>7#1>:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 E>,1>7
#1>:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>185>81>-E#1>:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>18E>C85>7/8E)85*>9F5BC9DI?6
B9D9C8?<E=2911>141.1>659(E>#1>:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C
% ' 89>1  
,<FFH8+498GLA4?LF<F4A7HGLL6?8(?4AA<A:9BE4?I4A<6BHC?87!AGE4
5B7LB@@HA<64G<BA
"55>E@B9I1(G1=9>1D81>#?BD851CD5B>*>9F5BC9DI*(*6E;"E>3E;#?BD851CD5B>
*>9F5BC9DI*( 1EC89;8?G48EBI#?BD851CD5B>*>9F5BC9DI*(  
'A8F<:AB9!AG8E98E8A68+8?9
BBE7<A4G<BA!++B?HG<BAGBA45?8@ 84?G;+8EI<68F<A
8G&8GF
.1H9>7&9E%5;9>7*>9F5BC9DI% ' 89>15=9>.1>7%5;9>7*>9F5BC9DI% ' 89>1
>@5>7E1>7%5;9>7*>9F5BC9DI% ' 89>19>7<991?%5;9>7*>9F5BC9DI% ' 89>1 
&BA
BAG46GE84G;<A:8G86G<BA-F<A:(4FF<I8*474E
,5>41!9*>9F5BC9DI?6B9CD?<*>9D54 9>74?=?)1>*>9F5BC9DI$6B9CD?<*>9D54
9>74?='?25BD%9538?3;9*>9F5BC9DI?6B9CD?<*>9D54 9>74?= 

 $$
$$6+1)3-;>69215/

$6+1)3-,1)

/;8E8E8/8.<F<G<A:%84FHE8@8AG4A7A4?LF<FB9.8AH8F<A<4AC<A:
.E5E1>7E41>*>9F5BC9DI% ' 89>1.1>785>E41>*>9F5BC9DI% ' 89>1&91>
/8?EE41>*>9F5BC9DI% ' 89>19>/81?E41>*>9F5BC9DI% ' 89>1-9>,1>7
E41>*>9F5BC9DI% ' 89>1 
+8AG<@8AG?4FF<9<64G<BAB9,J88GFHF<A: <8E4E6;<64??4FF<9<64G<BA
6B?J51A1@EB93?<5%?<ID538>9AE5`54`5B1<545!1EC1>>5!1EC1>>5(G9DJ5B<1>4(114
(1<58#1D9?>1<*>9F5BC9DI?6(395>35C1>4)538>?<?7I#*()C<1=1214%1;9CD1>
"E81==14*C=1><I1C#1D9?>1<*>9F5BC9DI?6(395>35C1>4)538>?<?7I(38??<?6
<53DB931<>79>55B9>71>4?=@ED5B(395>35((%1;9CD1>"E81==14"EBD1J1 81>
#1D9?>1<*>9F5BC9DI?6(395>35C)538>?<?7I#*()%1;9CD1><9&1=1B&1CC9=
*>9F5BC9DIEB1I418%1;9CD1> 
+8AG<@8AGA4?LF<F9EB@<A4ELGB%H?G<
?4FF?4FF<9<64G<BA
(4GG8EA
4F87CCEB46;9BE
%H?G<
?4FF+8AG<@8AGA4?LF<F<A,J<GG8E
"?>485B?E1J9J9 59?*>9F5BC9DI1@1>)?=?1;9$8DCE;9 59?*>9F5BC9DI1@1> 
8G86G<A:&4G<BA4?(B?<G<64?-AE8FGBA,J<GG8E
1B??>'1:1'ED75BC*>9F5BC9DI*("E81==14*C=1><I1C#1D9?>1<*>9F5BC9DI?6
(395>35C1>4)538>?<?7I(38??<?6<53DB931<>79>55B9>71>4?=@ED5B(395>35((
%1;9CD1>(114(1<58#1D9?>1<*>9F5BC9DI?6(395>35C1>4)538>?<?7I#*()C<1=1214
%1;9CD1><5H- !9E"938971>(D1D5*>9F5BC9DI*(1I45B'1481"938971>(D1D5
*>9F5BC9DI*( 
'A<99HF<BA
E8FGE<6G87+B6<4?&8GJBE>%84FHE8@8AG+GH7LB9/8;4G%B@8AGF
/8EA9!9%5;9>7*>9F5BC9DI% ' 89>1!9>85>.1<5*>9F5BC9DI*(.938?>719%5;9>7
*>9F5BC9DI% ' 89>1 197E991>%5;9>7*>9F5BC9DI% ' 89>1%1>/8?EE1J8?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1 

$6+1)3-;>69215/5;-9)+;1=-

BAGE4FG<I8,BC<6IB?HG<BA<F6BI8ELI<4&BAA8:4G<I8%4GE<K46GBE<M4G<BA
&91>BE!9(81>781991?)?>7*>9F5BC9DI% ' 89>1?85>(81>781991?)?>7
*>9F5BC9DI% ' 89>1(?>7:E>"1(81>781991?)?>7*>9F5BC9DI% ' 89>1!E?I9E
(81>781991?)?>7*>9F5BC9DI% ' 89>1-9>29>7,1>7(81>781991?D?>7*>9F5BC9DI
% ' 89>1 
(E<6<A:4@8B98?85E<G<8F<A+CBAFBE87.<E4?%4E>8G<A:<A'A?<A8+B6<4?&8GJBE>FJ<G;4
E887L7I8EG<F<A:(?4G9BE@
/89I9!E)85*>9F5BC9DI?6?>7 ?>7?>7 ?>71?:95/8?E)85*>9F5BC9DI?6?>7
?>7% ' 89>1+93D?B$  !9*>9F5BC9DI?6?>7 ?>7% ' 89>1.9!?>7)85
*>9F5BC9DI?6?>7 ?>7% ' 89>1 

 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

$7);1)36,<3);165

(BJ8E
99<6<8AG+C468+;<9G#8L<A:,E4AF@<FF<BAI<4+8@<789<A<G8(EB:E4@@<A:
4B91>1B391'?4B97E5J*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?=8B9CD?C"1C?EB?C
*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?=!1:?C1>J?*>9F5BC9DI?6(?ED81=@D?>
*>9D54 9>74?= 
4A7J<7G;99<6<8AG+C4G<4?%B7H?4G<BA+<:A4??<A:<AG;8(BJ8EB@4<A
8B9CD?C"1C?EB?C*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?=!1:?C1>J?*>9F5BC9DI?6
(?ED81=@D?>*>9D54 9>74?= 
$BJ
B@C?8K<GL,E88+84E6;
54F878G86G<BA?:BE<G;@F9BE8A8E4?<M87+C4G<4?%B7H?4G<BA
<787+<A:?84EE<8E+LFG8@F
!9H91-91?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1%9>7.1>7
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1.1>/81?*()
% ' 89>1.E5-91?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1
91>7!9E*()% ' 89>1(81?A91>!9*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I
?689>1% ' 89>1 
'CG<@4?A8E:L99<6<8AG$8I8?+8GFG<@4G<BAB9+C4G<4??L
,8@CBE4??LBEE8?4G87*4A7B@<8?7F
/E?5>,1>7*>9F5BC9DI?6B;1>C1C*(9>7H91>,E*>9F5BC9DI?6B;1>C1C*(9>7
.1>7*>9F5BC9DI?6B;1>C1C*(19!9>$C1;1%B5653DEB5*>9F5BC9DI1@1>  
EG<9<6<4?
&B<F8<787,E4AF@<G8F<:A9BE'HG4:8BAFGE4<A87+8EI<68!AG8:E4G<BA
,594?>7"59*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1
!9>7H91>7!9*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1/8985>
*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*>9F5BC9DI?61<96?B>91'9F5BC945
% ' 89>18E1>E1>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% '
89>1 

 ($
(19-3-::644<51+);165:$@476:1<4

5-9/@)9=-:;15/

*8FBHE68??B64G<BA,86;A<DH8F9BE/<E8?8FF(BJ8E87B@@HA<64G<BA&8GJBE>F
??>!55 ?B51*>9F5BC9DI ?B51 I?E>715!551>21D#1D9?>1<*>9F5BC9DI ?B51
1>:9> 9= ?B51*>9FF5BC9DI ?B51BE>?<5B3;H=@5B91<?<<575!?>4?>*>9D54
9>74?=>;IE!55 ?B51*>9F5BC9DI ?B51  
(BJ8E??B64G<BA4A7+6;87H?<A:9BE+/!(,+LFG8@FJ<G;&BA
?<A84EA8E:L 4EI8FG<A:%B78?
<5>1?C8;?FC;1*>9F5BC9DI?6B<1>75>#EB5=25B75B=1>I'1>91"?BC9B954B938
<5H1>45B*>9F5BC9DIB<1>75>#EB5=25B75B=1>I5BB93;,9>7 G1>#7*>9F5BC9DI?6
#5G(?ED8,1<5CECDB1<91'?25BD(38?25B*>9F5BC9DI?6B9D9C8?<E=2911>141  
+/!(,J<G;(E46G<64?%B7H?4G<BA4A7*A8E:L 4EI8FG<A:+8AF<G<I<GL
,1>38E>!9E)85ECDB1<91>#1D9?>1<*>9F5BC9DIECDB1<91-91>7IE>/8?E)85ECDB1<91>
#1D9?>1<*>9F5BC9DIECDB1<91(1<=1>EBB1>9)85ECDB1<91>#1D9?>1<*>9F5BC9DIECDB1<91
%5D1B%?@?FC;91<2?B7*>9F5BC9DI5>=1B; 
*8<A9BE68@8AG$84EA<A:9BEA8E:L 4EI8FG<A:(B<AG
GB
(B<AGB@@HA<64G<BAF
>4B51$BD9J)*1B=CD14D5B=1>IECC59><(81DB9)*1B=CD14D5B=1>I-91>7
!9*>9F5BC9DI?6'?CD?3;5B=1>I)?291C,525B*>9'?CD?3;5B=1>I>:1 <59>)*
1B=CD14D5B=1>I 
4GG8EL+<M8'CG<@<M4G<BA9BEA8E:L 4EI8FG<A:/<E8?8FF&B78F
'5=E> ?9B1<113?2C*>9F5BC9DIB5=5>5B=1>I(D561>?(5F5B913?2C*>9F5BC9DI
B5=5>5B=1>I9EC5@@52B5E13?2C*>9F5BC9DIB5=5>5B=1>I 

667-9);1=--;>692:)5,#-3)@15/644<51+);165:'

!AG8E98E8A68
E88(EB5<A:9BE*8?4L
FF<FG87EBFF
;4AA8?4<AFG<@4G<BA<A,JB
,<8E
&8GJBE>F
9:91E1>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*()% ' 89>1
!9I9>7!9*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1E?4?>7
/81?*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*()% ' 89>1/89
85>*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1*>9F5BC9DI?61<96?B>91
'9F5BC945% ' 89>1 
,JB
$8I8?4@89BE*8?4L
4F87,;EBH:;CHGA;4A68@8AGI<4B@@HA<64G<BAF<A$,
&8GJBE>F
9>7:9>7/81?&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?= ?; 5?>7819&E55>
"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?=.E585>&E55>"1BI*>9F5BC9DI?6!?>4?>
*>9D54 9>74?=?8>(38?B=1>C&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?=
5CEC<?>C?/1B1D55>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1))(@19> 
*47<B*8FBHE68??B64G<BA9BE-C?<A>+C4EF8B78%H?G<C?8668FF+%&8GJBE>FHF<A:
%4G6;<A:4@8
?I19%5;9>7*>9F5BC9DI% ' 89>1!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1
.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91 
'CG<@4?46;<A:(?468@8AG9BEFF<FG87/<E8?8FF46;<A:&8GJBE>F
E>'1?(81>781991?)?>7*>9F5BC9DI% ' 89>11?5>7(81>781991?)?>7
*>9F5B9C9DI% ' 89>185>385>.1>7(81>781991?)?>7*>9F5BC9DI% ' 89>1/89I?>7
85>(81>781991?)?>7*>9F5BC9DI% ' 89>19>-91(81>781991?)?>7*>9F5BC9DI
% ' 89>1 
&BI8?(<?BG
4F87FG<@4GBEF9BE*8?4L<A:;4AA8?F-F<A:A8E:L 4EI8FG<A:
.E>65985>*>9F5BC9DI?6,1BG93;*>9D54 9>74?=,595>7)C9>78E1*>9F5BC9DI% '
89>1'E9(89)C9>78E1*>9F5BC9DI% ' 89>1#9>75)C9>78E1*>9F5BC9DI% ' 89>1 

13314-;-9()=-)5,%-9)0-9;A644<51+);165:

*4G8A4?LF<F4A784F<5<?<GLB9LA4@<6,<A8??H?4E+LFG8@F
289C85; E=1BE@D1)85*>9F5BC9DI?6)5H1C1DECD9>*("1>41B#  E<;1B>9)85
*>9F5BC9DI?6)5H1C1DECD9>*(E75>5+9C?DC;I#?;91(95=5>C#5DG?B;C*(
B545B93;, +??;#?;91#5DG?B;C*(=9D1F18?C8#?;91#5DG?B;C*(566B5I
>4B5GC)85*>9F5BC9DI?6)5H1C1DECD9>*('?25BD51D8B *>9F5BC9DI?6)5H1C1D
ECD9>*( 
H4?
;4AA8?  MB@@HA<64G<BAF$<A>HF<A:(4G6;AG8AA4EE4LFGB8A8E4G84G4

4EEL<A:'E5<G4?
A:H?4E
%B@8AGH@84@F
/85/81?*>9F5BC9DI?6(?ED85B>1<96?B>91*(.1>.1>*>9F5BC9DI?6(?ED85B>
1<96?B>91*(!?>7!9*>9F5BC9DI?6(?ED85B>1<96?B>91*(E?4?>7-95*>9F5BC9DI?6
(?ED85B>1<96?B>91*(.?>7H9?>7'5>*>9F5BC9DI?6(?ED85B>1<96?B>91*(#9C1B
8=54*>9F5BC9DI?6(?ED85B>1<96?B>91*(/85,1>7*>9F5BC9DI?6(?ED85B>1<96?B>91
*(?>7!9E*>9F5BC9DI?6(?ED85B>1<96?B>91*(C85B,9<<>5B*>9F5BC9DI?6
(?ED85B>1<96?B>91*(%9>7IE5(?>7*>9F5BC9DI?6(?ED85B>1<96?B>91*(?CC59>
1C85=9*>9F5BC9DI?6(?ED85B>1<96?B>91*(1?81>.1?*>9F5BC9DI?6)5H1C1D1<<1C
*(E>31>"131B<1>5*>9F5BC9DI?6)5H1C1D1<<1C*('1C81E>415>45BC?>
*>9F5BC9DI?6)5H1C1D1<<1C*(#9=1C8B169*>9F5BC9DI?6)5H1C1D1<<1C#H5>
%1BD>5BC*((?<I=1>C8B169#H5>%1BD>5BC*((89<@1)1<G1B>D5<*((?:9
(1:EI9725>D5<!12C>D5<?B@?B1D9?>*("?C85)EB)5<F9F*>9F5BC9DICB15<
>4B51C"?<9C38*>9F5BC9DI?6(?ED85B>1<96?B>91*(<1>,9<<>5B*>9F5BC9DI?6(?ED85B>
1<96?B>91*( 
84@8F<:A9BE84@+J<G6;<A:4F87%<??<@8G8E/4I8.8;<6?8
GB
!A9E4FGEH6GHE8
B@@HA<64G<BAF
+ED81+1*>9F5BC9DI?6)5H1C1DECD9>*()1;1IE;9(89=9JE)$.$)>6?)538>?<?7I
5>D5B*(*(1EB1F1>C1<)?I?D1>6?)538>?<?7I5>D5B*('?25BD51D8)85
*>9F5BC9DI?6)5H1C1DECD9>*( 
<FG4A688C8A78A68B9(4G;$BFF%B78?FJ<G;/8<:;G87<GG<A:
;9 1BDDE>5>*>9F5BC9DI?6(?ED85B>1<96?B>91*(>4B51C"?<9C38*>9F5BC9DI?6
(?ED85B>1<96?B>91*('E9,1>7*>9F5BC9DI?6(?ED85B>1<96?B>91*((??I?E>7EB
(1=CE>7<53DB?>93C?  ?B5191>J8?>7/81>7(1=CE>7*(5?>78?%1B;
(1=CE>7<53DB?>93C ?B51 
%<??<@8G8E
/4I88I<68
GB
8I<68%H?G<
BC*BHG<A:9BE%H?G<@87<4CC?<64G<BAF
#9=1C8B1789*>9F5BC9DI?6)58B1>B1>58B?EJ"181=#1J1B21I5F*>9F5BC9DI
1J1;8CD1>+1894(818"1>C?EB9*>9F5BC9DI?6)58B1>B1> 

 $
,06+)5,$-5:69-;>69215/$@476:1<4

!-9.694)5+-=)3<);165

(46><A:B9HGF8GF9BE4E846;(4G;8G86G<BA(EB5?8@
"?81==54<=?BCI*>9F5BC9DI?6<25BD11>141812( <=1<<18*>9F5BC9DI?6<25BD1
1>141  
'AG;8'CG<@H@&H@58EB9BBC8E4G<A:&B78F<A!AG8E98E87?HFG8E
4F87+8AFBE&8GJBE>F
(D561>"9:?F93*>9F5BC9DI?6?<?7>1D1<I!E31(1>7E9>5DD9*>9F5BC9DI?6%9C1(*%!
D1<I891B1EB1DD9*>9F5BC9DI?6?<?7>1D1<I"SB?E1>552218E1G59B1>35  
&BI8?*
(54F87%H?G<I4E<4G84H?G
GB?8E4AG4G4::E8:4G<BA?:BE<G;@<A/+&F
)91>A9.E)85*>9F5BC9DI?6,5CD5B>$>D1B9?1>141-91>29>,1>7*>9F5BC9DI?6,5CD5B>
$>D1B9?1>141241<<18(81=9*>9F5BC9DI?6,5CD5B>$>D1B9?1>141 
(E<@4?
H4??:BE<G;@9BE4G44G;8E<A:4F87BA%4GE<KB@C?8G<BA9BE/<E8?8FF+8AFBE
&8GJBE>F
"?81=54<9"?ECC1*>9F5BC9D5%1B9CCDB1>35.?CB1"1B>9CC9*>9F5BC9D5%1B9CCD
"1B>5<1+1<<55B1>35.139>581=B9?E41>5*>9F5BC9DI?6<1'?385<<5B1>35  
BI8E4:8
54F87&B78(?468@8AG'CG<@<M4G<BA<A/<E8?8FF+8AFBE&8GJBE>J<G;$<A84E,BCB?B:L
1814<4EB1929*>9F5BC9DI?6"1BI<1>41<D9=?B5?E>DI*(#?EB5449>5!1C<1'5C51B38
5>D5B?>(395>D96931>4)538>931<>6?B=1D9?>'()<75B91"?81=54.?E>9C
*>9F5BC9DI?6"1BI<1>41<D9=?B5?E>DI*( 

 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

$-+<91;@6.$4)9;-=1+-$@:;-4:

$((+$B64G<BA(E<I46L(EBG86G<BA9BE+@4EGC;BA8F
?>7<9/81>71B29>>CD9DED5?6)538>?<?7I% ' 89>1/89;19-E1B29>>CD9DED5?6
)538>?<?7I% ' 89>1-91>7J81>.E1B29>>CD9DED5?6)538>?<?7I% ' 89>1-91?:91>7
E)5=@<5*>9F5BC9DI*( 
+86HE84A7A8E:L99<6<8AG(E898G6;<A:8F<:A9BE+@4EGC;BA8F
(81>71?)85?>7 ?>7%?<ID538>93*>9F5BC9DI?>7 ?>7/85%5>7)85?>7 ?>7
%?<ID538>93*>9F5BC9DI?>7 ?>79>-91?)85?>7 ?>7%?<ID538>93*>9F5BC9DI?>7
?>7(?>7.E2?(?ED851CD*>9F5BC9DI% ' 89>1 
8;4I<BEEBHC<A:B9A7EB<7%4?J4E84@<?L
(8E>,5>C91?3145=91(9>931)19G1>.51<9( (E>#1D9?>1<)19G1>*>9F5BC9DI
)19G1>"5>781>785>3145=91(9>931)19G1> 
&B@47<#8L-F8EHG;8AG<64G<BA9BE+@4EG8I<68F54F87BA&B@47<6#8LF
!5?>1B4??DD1*>9F5BC94145545B1<45"9>1C5B19CB1J9<BDEB!E9C45(?EJ1
*>9F5BC94145545B1<45"9>1C5B19CB1J9<!51>4B?"5<?*>9F5BC94145545B1<45"9>1C
5B19CB1J9<!E9J5<9@5(1779?B?*>9F5BC94145545B1<45"9>1C5B19CB1J9<B545B93?
(1=@19?545B1<*>9F5BC9DI?6"9>1C5B19C*"B1J9<>D?>9?"191*>9F5BC94145
545B1<45"9>1C5B19CB1J9<>D?>9?  !?EB59B?545B1<*>9F5BC9DI?6"9>1C5B19C
B1J9<D1<?E>81*>9F5BC94145545B1<45"9>1C5B19CB1J9<!5?>1B4?$<9F59B1545B1<
*>9F5BC9DI?6"9>1C5B19CB1J9< 
!78AG<9<64G<BAB9.<F<5?8!A7HFGE<4?BAGEB?8I<68F4G!AG8EA8G+64?8
-E1>5>7*>9F5BC9DI?689>5C53145=I?6(395>35C% ' 89>1&91>7!959:9>7
91?D?>7*>9F5BC9DI% ' 89>1&91>?<?B14?(38??<?6"9>5C*(?>7C?>7/8E
>CD9DED5?6>6?B=1D9?>>79>55B9>789>5C53145=I?6(395>35C% ' 89>1.1>!9E
%5;9>7*>9F5BC9DI% ' 89>1!9=9>(E>>CD9DED5?6>6?B=1D9?>>79>55B9>789>1
3145=I?6(395>3559:9>7% ' 89>1 
 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

#-:6<9+-336+);165

(8E9BE@4A68I4?H4G<BAB9%H?G<
BE8 %H?G<
,;E84787+!((EBKL+8EI8EF+(+
'1=5C8 B9C8>1=EBD8I#?BD81B?<9>1(D1D5*>9F5BC9DI*(5?B75# '?EC;1C#?BD8
1B?<9>1(D1D5*>9F5BC9DI*( 
6;<8I<A: <:;I4<?45<?<GL<A/<E8?8FF&8GJBE>F5L!AG8E
E8DH8A6L%H?G<
BAA86G<I<GL
1F94$58=1>>)538>9C385*>9F5BC9DODB5C45>5B=1>I8=14G141#?;915<<!12C
5B=1>I>7?+95B9>7#?=?B'5C51B38=25B=1>I"5BI5=(9=C5;)538>9C385
*>9F5BC9DODB5C45>5B=1>I5B81B4% 5DDG59CB5C45>*>9F5BC9DI?6)538>?<?7I
5B=1>I 
$<A>74CG4G<BA8F<:A9BE-?GE4
*8?<45?8B@@HA<64G<BAF
1=94B5J1(81B91D=141B91<D?*>9F5BC9DI9><1>4/5H91>!9#?;915<<!12C9><1>4
"9;;?*EC9D1<?#?;91)538>?<?795C9><1>4(1CC1>B1:91<D?*>9F5BC9DI9><1>4'9;E
O>DD91<D?*>9F5BC9DI(38??<?6<53DB931<>79>55B9>79><1>4 
%%%4FF<I8668FF<A$,* (8E9BE@4A68I4?H4G<BA<A4+@4EG<GL+68A4E<B
"9385<5%?<5C5*>9F5BC9DI?6%14?F1D1<I"1B3?5>D5>1B?*>9F5BC9DI?6%14?F1D1<I
>4B51/1>5<<1*>9F5BC9DI?6%14?F1D1<I"9385<5/?BJ9*>9F5BC9DI?6%14?F1D1<I 
A8E:L 4EI8FG<A:
4J4E8BAG8AG<BA,E88
54F87668FF9BE/<E8?8FF%46;<A8
GB
%46;<A8
&8GJBE>F
B1>39C3?+MJAE5J1<<57?5>DB5)53>?<Z79345)5<53?=E>93139?>C451D1<E>I1))
(@19>!E9C<?>C?*>9F5BC9414%?<9D53>931451D1<E>I11B35<?>1)
)5<53?==E>931D9?>C1>45B?C@1D91<>79>55B9>7(38??<?61CD5<<4565<C(@19>5CEC
<?>C?/1B1D55>DB5)53>?<?79345)5<53?=E>93139?>C451D1<E>I1))(@19> 

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

4-9/15/%671+:$-9=1+-:)5,7731+);165:5;-9)+;1=-

6G<I8!AG8E98E8A68BAFGE4<AG$84EA<A:J<G;-A68EG4<A887546>9BEB:A<G<I8*47<B&8GJBE>F
>5CD9C)C1;=1<9C*>9F5BC9DI?6!EH5=2?EB7(>)!EH5=2?EB7(I=5?>81DJ9>?D1C
*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7:[B>$DD5BCD5>*>9F5BC9DI?6!EH5=2?EB7
!EH5=2?EB7 
BBC8E4G<BA9BE'CG<@4?8@4A7*8FCBAF8<AB:A<G<I8*47<BA45?87+@4EGE<7
5/81>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1.E=9>7"1?
(% ' 89>1(E@5>7!5>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1
% ' 89>11>>1?7E3;1%?J>1>*>9F5BC9DI?6)538>?<?7I%?<1>4(D59>:5CC9>7
*>9F5BC9DI?6$C<?(9=E<1'5C51B38!12 #?BG1I.1>/81>7(9=E<1'5C51B38
!12?B1D?BI1>4*>9F5BC9DI?6$C<?#?BG1I  
%4AL
GB
%4AL%4G6;<A:9BEB@5<A4GBE<4?+C86GEH@,E47<A:
91>7!9>C81>(?ED8*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>11?61>19
(?ED8*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1.1>:91?85>*>9F5BC9DI
?6)?B?>D?1>1419>/81>7(?ED8*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% '
89>11?38E>!9*>9F5BC9DI?6)?B?>D?1>141  
BBC8E4G<I8+<:A4??4FF<9<64G<BAHF<A:+C86GE4?BEE8?4G<BAHA6G<BA<AB:A<G<I8*47<B
&8GJBE>F
/89&E1>(?ED85B>*>9F5BC9DI?6(395>351>4)538>?<?7I% ' 89>1?>7!9"131E
*>9F5BC9DI?6(395>351>4)538>?<?7I"131?.9?>7(?ED8*>9F5BC9DI?6(395>351>4
)538>?<?7I?689>1% ' 89>1  
'AG;8'HG4:8(EB545<?<GLB9!A9BE@4G<BA+;4E<A:<AB:A<G<I8.8;<6H?4E&8GJBE>F
8E>H91?91>7)C9>78E1*>9F5BC9DI59:9>7% ' 89>119:E>/81>7)85*>9F5BC9DI?6
B9D9C8?<E=2911>141/8E1>*>9F5BC9DI?6?ECD?>*(E<91>85>7*>9F5BC9DI?6
B9D9C8?<E=2911>141.?>7'5>)C9>78E1*>9F5BC9DI59:9>7% ' 89>1!1:?C1>J?
*>9F5BC9DI?6(?ED81=@D?>*>9D54 9>74?= 
LA4@<6*8A78MIBHF?:BE<G;@FBEB:A<G<I8*47<B&8GJBE>F
1?C5>%E)C9>78E1*>9F5BC9DI% ' 89>1/81?AE1>E)C9>78E1*>9F5BC9DI% ' 89>1
-91?!9>)C9>78E1*>9F5BC9DI% ' 89>1&91>7(85>7E1E1J8?>7*>9F5BC9DI?6(395>35
1>4)538>?<?7I% ' 89>1199>E1J8?>7*>9F5BC9DI?6(395>351>4)538>?<?7I% '
89>1  

 $$
644<51+);165:$6.;>)9-$-9=1+-:)5,
<3;14-,1)7731+);165:$@476:1<4

<;<9--;>69215/$-9=1+-:)5,%-+05636/1-:

4@8,;8BE8G<6+6;8@89BE*8?4L+8EI<68<A 8G8EB:8A8BHFBAG8AG8AGE<6&8GJBE>F
85>!9(81>7819*>9F5BC9DI% ' 89>1&9381?-E(81>7819*>9F5BC9DI% ' 89>1/8?E
(E(81>7819*>9F5BC9DI% ' 89>1&961>&9(81>7819*>9F5BC9DI% ' 89>1 
*8GE<8I<A:!A9BE@4G<BAJ<G;HGBAB@BHF?L
?L<A:*BHG8EF<A!A9BE@4G<BA
8AGE<6&8GJBE>
)1;E 9D171G1$C1;1*>9F5BC9DI1@1>(89>7?D1$C1;19DI*>9F5BC9DI1@1>
"1C1IE;9"EB1D1$C1;1*>9F5BC9DI1@1> 
&BI8?46;<A:%86;4A<F@9BE!AG8EA8GB9,;<A:F!B,+8AF<A:+8EI<68J<G;A8E:L
4EI8FG<A:
EC9D#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5?>7> 9=(E>7;IE>;G1>
*>9F5BC9DI( * ?B51%9>7,1>7#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5
!9>7I1>7(?>7%5;9>7*>9F5BC9DI% ' 89>1 
#
@84AF
54F87&8GJBE>(4EG<G<BA?:BE<G;@9BEBAGEB??8E(?468@8AG<A+B9GJ4E889<A87
&8GJBE>
E?4?>7,1>7(?ED81;?D1(38??<?6"9>5C1>4)538>?<?7I*(.1>H91?/81?(?ED8
1;?D1(38??<?6"9>5C1>4)538>?<?7I*(E>E1>78?>7A9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==% ' 89>1&91>7E1>)85%5>>CI<F1>91(D1D5*>9F5BC9DI*(E>!9
?=@ED5B#5DG?B;>6?B=1D9?>5>D5B89>5C53145=I?6(395>35C% ' 89>1 
,BJ4E7FBFG
99<6<8AG/BE>?B47+6;87H?<A:BE4,4A:B58GJ88A8B
<FGE<5HG874G48AG8E
4A7(BJ8EE<7
1>E#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5.?>771>7,5>#1>I1>7
)538>?<?7931<*>9F5BC9DI(9>71@?B5!59.9>*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1
% ' 89>1!9>7&9E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1 

 %
644<51+);165:%0-69@

63-+<3)9644<51+);165

%B?86H?4EB@@HA<64G<BAJ<G;4*8I8EF<5?87FBECG<BA*868<I8E
.1>C815>7 9>7C?<<575!?>4?>*>9D54 9>74?=41=#?5<*>9F5BC9DI?6$DD1G1
1>141"1754<;1C8<1>&E55>"1BI*>9F5BC9DI?6!?>4?>*>9D54 9>74?=BE=E71=
#1<<1>1D81> 9>7C?<<575!?>4?>*>9D54 9>74?= 1B5>85E>7*>9F5BC9DI?6B9D9C8
?<E=2911>141 
*868<I8E8F<:A9BE<99HF<BA
54F87%B?86H?4EB@@HA<64G<BA4HFF<4A%<KGHE8%B78?<A:
.571>58/1=9B9161B91>&E55>C*>9F5BC9DI1>141(15541J?B&E55>C*>9F5BC9DI
1>141 
*846G<I8*868<I8E%B78?<A:9BE<99HF<I8%B?86H?4EB@@HA<64G<BA+LFG8@FJ<G;%B?86H?8
8:E474G<BA
B=1>8=14J1458*>9F5BC9DI?6B<1>75>#EB5=25B75B=1>I1=94B5J1B:=1>49
(81B96*>9F5BC9DI?6)538>?<?7IB1>>4B51CEB;?FC;9*>9F5BC9DI?6B<1>75>
#EB5=25B75B=1>I'?25BD(38?25B*>9F5BC9DI?6B9D9C8?<E=2911>141 
<I8EF<GL<A<99HF<BA
4F87%B?86H?4EB@@HA<64G<BA;4AA8?J<G;E<9G
5BI1"1<1;)85*>9F5BC9DI?6)5H1C1DECD9>*(1=9458'1=5J1>9 ?R*>9F5BC9DI
)EB;5I"EB1D ?31?7<E)85*>9F5BC9DI?6)5H1C1DECD9>*($J7EB ;1> ?3
*>9F5BC9DI)EB;5I 
A8E:L%B78?9BE.8F<6?8
4F876G<I8,E4AFCBEG%B?86H?4EB@@HA<64G<BA
#1B9=1>1BC14(D1>6?B4*>9F5BC9DI*(EC5I9>9B;1>.9<=1J.?>C59*>9F5BC9DI.?>C59
>CD9DED5?6?>F5B75>35)538>?<?7I ?B5181>I?E>7815.?>C59*>9F5BC9DI ?B51
>4B51?<4C=9D8(D1>6?B4*>9F5BC9DI*( 

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

5-9/@)5)/-4-5;

B@5<A4GBE<4?%H?G<
4E@874A7<G?:BE<G;@F9BE*84?
G<@8A8E:L,E47<A:<AE88A
*&
,1>#EB(EBI1>99BEJ,1>B9669> 9>7C?<<575!?>4?>*>9D54 9>74?=-9>BE?/81>7
 9>7C?<<575!?>4?>*>9D54 9>74?="?81==14'5J1#1;819 9>7C?<<575!?>4?>
*>9D54 9>74?= 
E88A+6;87H?<A:9BE?BH74G48AG8EF-F<A:+FGB+GBE8*8A8J45?8A8E:L
8?>7<9>E1B29>>CD9DED5?6)538>?<?7I(85>J85>B14E1D5(38??<% ' 89>15:91?
E1>71B29>>CD9DED5?6)538>?<?7I% ' 89>1-91?8E1919DI*>9F5BC9DI?6?>7
?>7?>7 ?>7 
$84EA<A:
4F87"B<AG(BJ8E4A7;4AA8?FF<:A@8AG9BE LC8E8AF8&8GJBE>F
D56581:9:1=1<9B1>9C6181>*>9F5BC9DI?6)538>?<?7IB1>2?<61J<"582?4>9I1
)?8?;E*>9F5BC9DI1@1>"?81==141F14$=949C6181>*>9F5BC9DI?6)538>?<?7I
B1>E=9IE;941389)?8?;E*>9F5BC9DI1@1>  
A8E:L
J4E8B:4A7?BH7!AG8EC?4L+HCCBEG875L/<78E84+B9GJ4E889<A87&8GJBE><A:
%9?DB?BId?*>9F5BC9DI?6(395>351>4)538>?<?7I%?<1>4BDEB!1C?>*>9F5BC9DI
?6(395>351>4)538>?<?7I%?<1>4135;'J1C1*>9F5BC9DI?6(395>351>4)538>?<?7I
%?<1>4>4BJ5:(JI=1>C;9*>9F5BC9DI?6(395>351>4)538>?<?7I%?<1>4>4BJ5:
1:CJ3JI;*>9F5BC9DI?6(395>351>4)538>?<?7I%?<1>4  
KC?B<G<A:A8E:LBBC8E4G<BA<A'CCBEGHA<FG<6/<E8?8FF!A9BE@4G<BA4A7A8E:L,E4AF98E9BE
+HFG4<A45?8BBC8E4G<I8*8?4L<A:
5>7J89,1>7/85:91>7*>9F5BC9DI% ' 89>1,59,1>7/85:91>7*>9F5BC9DI% ' 89>1
/81?I1>7/81>7/85:91>7*>9F5BC9DI% ' 89>19@9>7E1>7/85:91>7*>9F5BC9DI% '
89>1 

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4


 -;>692:

A4?LF<FB9G;8BJA?<A>+4GHE4G<BA,;EBH:;CHGB94AFL@@8GE<6!  A
54F87/$&
"?81==14(?<5I=1>9*>9F5BC9DI?6)58B1>B1>58B?EJ"181=#1J1B21I5F*>9F5BC9DI
1J1;8CD1>1B94C8D91>9(81B96*>9F5BC9DI?6)538>?<?7IB1>  
,;EBH:;CHGA4?LF<FB9G;8!  CBAF<78E<A:,E4AF@<FF<BA'CCBEGHA<GLBE&BA

+498GLCC?<64G<BAF
"?81==54=9>5)?7?E*>9F5BC9DI?6)538>?<?7I?6)B?I5CB1>35!I5C 8?E;89
*>9F5BC9DI?6)538>?<?7I?6)B?I5CB1>35245<81;9=1694*>9F5BC9DI?6"?>DB51<
1>141 
%4A4:<A:;4AA8?BA7<A:J<G;?84E;4AA8?FF8FF@8AG<A  &8GJBE>F
,59,1>7?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>71>/81>7 *()
?;.9>7)E>7B14E1D5(38??<.)(?>7 ?>7&91>/81>7?>7 ?>7*>9F5BC9DI?6
(395>351>4)538>?<?7I?>7 ?>7 
,;EBH:;CHG
94<EA8FF,E478B99I4?H4G<BA9BE&8KG
:8A8E4G<BA/$&FJ<G;74CG<I8?84E
;4AA8?FF8FF@8AG
,5CC1=6969*>9F5BC9DI?6B9J?>1*(>B93?'1>D1<1#?;91)538>?<?795C*(9><1>4
C1)E?=11<1#?;91)538>?<?795C*(9><1>4(1I1>D1>8?E48EBI#?;91)538>?<?795C
*(*("1BG1> BE>J*>9F5BC9DI?6B9J?>1*( 
A74CG<I8,4<?,<@87=HFG@8AG+6;8@84F87BA!AG8E
(46>8GEE<I4?,<@89BE!  
/$&
(9.?E>71>7 () ?B51I?E>785?>(89> () ?B51?>7=1>!55 ?B51
4F1>354>CD9DED5?6(395>351>4)538>?<?7I ?B51 

-=1+-;6-=1+- 644<51+);165:

(BG8AG<4?:4@8F9BEFH564EE<8E4??B64G<BA<A@H?G<
68??A8GJBE>FJ<G;6B@@HA<64G<BAF
5=915<<1%5>41 )'?I1<>CD9DED5?6)538>?<?7I(G545>>4B512B1B4?*>9F5BC9DI
?6(95>1D1<I"1B3?"?B5DD9*>9F5BC9DN49%9C1D1<I"9;15<?81>CC?>'?I1<>CD9DED5?6
)538>?<?7I(G545> 
+G45?8%4G6;<A:?:BE<G;@9BE*8FBHE68??B64G<BA9BE-A78E?4L<A:8I<68
GB
8I<68
B@@HA<64G<BAF
"?81==14)1E894E<C<1=&E55>C*>9F5BC9DI1>14124<81=94" )181<619C1<
*>9F5BC9DI(1E49B1291(5<9= ;<&E55>C*>9F5BC9DI1>141"5BF1D2E<;859B
"1>C?EB1*>9F5BC9DI7I@D 
,JB
(;4F8H6G<BA
4F874<E*8FBHE68??B64G<BA9BE-A78E?4L<A:B@@HA<64G<BAF
"?81==14)1E894E<C<1=&E55>C*>9F5BC9DI1>14124<81=94" )181<619C1<
*>9F5BC9DI(1E49B1291(5<9= ;<&E55>C*>9F5BC9DI1>141(1<9=EB8?E48EBI
<7?=1*>9F5BC9DI1>141 
!AG8E98E8A68J4E8CCEB46;9BEB@@HA<64G<BAF
B1>35C3?89D9*>9F5BC9DN457<9(DE49499B5>J5D1<I1B9?9913?=?*>9F5BC9DI?6
<?B5>35D1<I'?=1>?1>D1339*>9F5BC9DI?6<?B5>35D1<I!1EB1%95BE339*>9F5BC9DI?6
<?B5>35D1<I 
%4G6;<A:CCEB46;9BE(BJ8E99<6<8AG*8?4L+8?86G<BA<AH??HC?8K&8GJBE>F
?:91>7"1*>9F5BC9DI?6B9D9C8?<E=2911>1411=54(818"1>C?EB9*>9F5BC9DI?6
B9D9C8?<E=2911>141+9>35>D, ( ,?>7*>9F5BC9DI?6B9D9C8?<E=2911>141 

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

"6$)5,"615-?;/-5-9);165-;>692:

"B<AG'CG<@<M4G<BABA+J<G6;6G<I4G<BA4A7?BJ*BHG<A:GBJ4E7FA8E:L99<6<8AG+B9GJ4E8
89<A874G48AG8E&8GJBE>F
5J5/5>789>1*>9F5BC9DI?65?C395>35C% ' 89>1E1>7.1>789>1*>9F5BC9DI?6
5?C395>35C% ' 89>1!9>E)85*>9F5BC9DI?69JE1@1>(?>7E?)85*>9F5BC9DI?6
9JE1@1>?>7.1?89>1*>9F5BC9DI?65?C395>35C% ' 89>1 
'CG<@4?(EB46G<I846;8%4A4:8@8AG<A%B5<?8&8GJBE>F
1?/85>7 9>7C?<<575!?>4?>*>9D54 9>74?=+1C9<9CB945B9;?C 9>7C?<<575
!?>4?>*>9D54 9>74?= 
4A7?<A:+8EI<68??B64G<BA<AB@5<A87B:
?BH7+68A4E<BF
+9D?B(?EJ1*>9F5BC94145545B1<45+9R?C1*>9F5BC9D1D%?<9DT3>931451D1<E>I1B1J9<
,9<C?>'1=9B5J)538>931<*>9F5BC9DI?61D1<?>91*%'-#5DG?B;9>71>4
>6?B=1D9?>)538>?<?7I!12(@19>-1F95B"1C9@BE9>*>9F5BC9D1D%?<9DT3>931451D1<E>I1
4F1>354#5DG?B;B389D53DEB5C!12'-(@19>F1"1BV>)?B45B1)538>931<
*>9F5BC9DI?61D1<?>91*%(@19>E1>795'5>"*(81J1<)1C81;?B*%
*>9F5BC9D1D%?<9DT3>931451D1<E>I14F1>354#5DG?B;B389D53DEB5C!12'-(@19> 
*8F8EI4G<BA4A7BAG8AG<BA*87H687;4AA8?668FF%8G;B7J<G;89986G<I8)H4?<GLB9+8EI<68
9BE/<E8?8FF%8F;&8GJBE>F
% +5>;1D1 B9C8>1(B9%14=1F1D9"189<1*>9F5BC9DI>491%?E>1=21<"+)*>9F5BC9DI
>491+(1B9D81+)*>9F5BC9DI>491(E49@"9CB1>491>>CD9DED5?6)538>?<?7I
81B17@EB>491"?81==14( $21941D?B481=*>9F5BC9DI*(  
(BJ8EBAGEB?4F87,<@8
B@4<A!AG8E
8??!AG8E98E8A68BBE7<A4G<BA+6;8@8<A+&F
,5>:E1>!E*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1&91>71>
*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1/5HE5!9*>9F5BC9DI?6(395>35
1>4)538>?<?7I?689>1% ' 89>11>385>7!E*>9F5BC9DI?6(395>351>4)538>?<?7I?6
89>1% ' 89>1 

-?;/-5-9);165++-::-;>69215/)5,6*13-$-+<91;@5;-9)+;1=-

@5E46<A:7=468AG;4AA8?!AG8E98E8A68<A&8KG8A8E4G<BA/<
<&8GJBE>F
!E,1>7(85>J85>*>9F5BC9DI% ' 89>1-91?;5&9>CD9DED5?6ED?=1D9?>89>5C5
3145=I?6(395>35C% ' 89>1 19C8E>,E(85>J85>*>9F5BC9DI% ' 89>1  
'ABBC8E4G<I8"4@@<A:<A/<E8?8FF&8GJBE>FJ<G;4I8F7EBCC8EF4GE5<GE4EL$B64G<BAF
/898?>7!9E-9491>*>9F5BC9DI% ' 89>191:91!9E-9491>*>9F5BC9DI% ' 89>191>
65>7"1-9491>*>9F5BC9DI% ' 89>1&9@9>7E1>7-9491>*>9F5BC9DI% ' 89>1  
HMML$B:<6
4F87B@@HA<64G<BA%87<H@+8?86G<BA9BE)B+(E8F8EI4G<BA<A.8;<6H?4E
&8GJBE>F
)1B5;?E1<9'+!12()#5F5BCB1>35(949"?81==54(5>?E39*>9F5BC9DI?6
?EB7?7>5()#5F5BCB1>35 
,BJ4E78F<:A<A:4A74CG<I8B@@HA<64G<BA+86HE<GL9BEG;8&8KG
:8A8E4G<BA%B5<?8
B@CHG<A:
24E<=?>5="?81==14'1C8G1>&E55>C*>9F5BC9DI1>14124<81=94" )181
<619C1<*>9F5BC9DI(1E49B1291?CC1=( 1CC1>59>&E55>C*>9F5BC9DI1>141
I=1>'14G1>>CD9DED?45)5<53?=E>931R\5C%?BDE71< 
/<
%8G4?8G86G<A:%8G4?5L-F<A:/<E8?8FF&8GJBE>F
19C8E>,E(85>J85>*>9F5BC9DI% ' 89>1 
A74CG<I8;4AA8?668FF%86;4A<F@9BE$,
-4A7/<<B8K<FG8A68<A4A-A?<68AF87
+C86GEH@
95-91?(?ED851CD*>9F5BC9DI% ' 89>1E>/85>7(?ED851CD*>9F5BC9DI% ' 89>1 

  $
 7;1+)3-;>692:)5,$@:;-4:

7;1+)3-;>692:)5,$@:;-4:5;-9)+;1=-

4G48AG8E'CG<64?4G4$<A>$4L8EE6;<G86GHE88F<:A4A7A4?LF<F
5>>1E1>7")*(+9>35>D81>"1CC138EC5DDC>CD9DED5?6)538>?<?7I*( 
BJA?<A>BBC8E4G<BAJ<G;E46G<BA4?E8DH8A6L*8HF8<A'
'%'CG<64?GGB68??
&8GJBE>F
?CC59> 1J5=9)85*>9F5BC9DI?649>2EB78*>9D54 9>74?=1B1<411C)85*>9F5BC9DI
?649>2EB78*>9D54 9>74?= 
+C86GE4?99<6<8AG'CG<64?%,E4AF@<FF<BA+6;8@8J<G;A8E:L?G8EA4G<BA4A7+<A:?8

-F8E+B9G
86<F<BA8@B7H?4G<BA
=9>1D11B211B>5795"5<<?>*>9F5BC9DI*( 
$B474?4A6<A:4A7$4G8A6L*87H6G<BA<A%H?G<
-F8EB%(BI8E,/%
.('&F
ECD1F?9DD5>3?EBD97E59B54?545B1<*>9F5BC9DI?61891B1J9<-9>2?,1>7*>9F5BC9DI
?61<96?B>911F9C*(1B<?C?<=1>"59H>5B*>9F5BC9DI?61<96?B>911F9C*(
"1CC9=?)?B>1D?B5%?<9D53>93?49"9<1>?*>9F5BC9DI?61<96?B>911F9CD1<I9CG1>1D8
"E;85B:55*>9F5BC9DI?61<96?B>911F9C*( 

 $ $


$++-::$@:;-4:)5,-;>692:

5;-/9);-,(19-, (19-3-::++-::

%H?G<
+GE4GH@*8FBHE68F'CG<@<M4G<BA9BE?BH7
54F87*47<BBI8E'CG<64?<58E&8GJBE>F
E9.1>759:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C*%)% ' 89>195/81>7
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.?>7<9/81?59:>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>19.E565>759:9>7*>9F5BC9DI?6
%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.?E>7!55E1G59)538>?<?795C? !D4*( 
,<@8
B@4<A(E86B7<A:9BE$,
BI8E
BCC8E+LFG8@F
.5J9E1>7!E>4*>9F5BC9DI(G545>4E1B4?"5459B?C!E>4*>9F5BC9DI(G545>)8?=1C
"175C1385B!E>4*>9F5BC9DI(G545>(D561>[CD!E>4*>9F5BC9DI(G545>85>7E1>7
!EB93CC?>'5C51B38(G545>%5BB9;B9;CC?>B93CC?>'5C51B38(G545>%5BL4<9>7
!E>4*>9F5BC9DI(G545>%5B$<1[B:5CC?>5@D ?6<53DB931<1>4>6?B=1D9?>)538>?<?7I
!E>4*>9F5BC9DI(G545> 
&8J.<EGH4?&8GJBE>@5877<A:E4@8JBE>54F87BA)B++4G<F946G<BA4A7&8GJBE>
*86BA9<:HE4G<BA9BE<58E
/<E8?8FF668FF&8GJBE>
%5>7381?1>#?BD851CD5B>*>9F5BC9DI% ' 89>1!59E?#?BD851CD5B>*>9F5BC9DI% '
89>1.5:E>!9E#?BD851CD5B>*>9F5BC9DI% ' 89>1-E5D1?,59*>9F5BC9DI?69>39>>1D9
*(91>?E#?BD851CD5B>*>9F5BC9DI% ' 89>1-E1>#?BD851CD5B>*>9F5BC9DI% '
89>1 
(8E9BE@4A68+GH7LB9(EBKL
54F87,(*4G8BAGEB?8F<:A9BE%B5<?8.<78B+GE84@<A:
+8EI<68F
??8IE>7!55(1=CE>7<53DB?>93C ?B51IE>78?!55(1=CE>7<53DB?>93C ?B51
9>CE>7!55(1=CE>7<53DB?>93C ?B511>>1!9=979D1<"5491?==E>931D9?>'
5>D5B(1=CE>7<53DB?>93C ?B51E>7C89>%1B;(1=CE>7<53DB?>93C ?B519385?<
!55(1=CE>7<53DB?>93C ?B51 
(4FF<I8'CG<64?&8GJBE>*4A:8CC?<645?8GBBFG
89986G<I8%B5<?8EBAG;4H?
9B?C89$E#))?B@?B1D9?>1@1>)1;1IE;9 ?21I1C89#))1@1>)1DCEI1(89=141
#))1@1>19CE;59C1>?#))1@1>E>)5B141#))?B@?B1D9?>1@1>;989B?
$D1;1#))?B@?B1D9?>1@1>  

 $%
$-)3;0

-)3;0+)9-$-5:69-;>692:

A!AGE4
5B7L$<A84E;4AA8?%B78?4F87BA&8HEBA4?+H5G;E8F;B?7+G<@H?4G<BA
<9B5J1 8?4159*>9F5BC9DI?6#52B1C;1!9>3?<>*("1CC9=9<91>?%95B?2?>*>9F5BC9DI?6
#52B1C;1!9>3?<>*(  
 L5E<7#8L%4A4:8@8AG+6;8@89BE 84?G;64E8+8AFBE&8GJBE>F
%1<<1F9"581B91*>9F5BC9DI?69>39>>1D9*(81B=1%7B1G1<*>9F5BC9DI?69>39>>1D9
*(  
(;LF<B?B:<64?!A9BE@4G<BAKGE46G<BA%8G;B74F87BA/84E45?8((+8AFBEFJ<G;%BG<BA
EG<946G*8@BI4?
,5985>7!9>#1D9?>1<)C9>7E1*>9F5BC9DI)19G1>C9%9>"1#1D9?>1<)C9>7E1
*>9F5BC9DI)19G1> 
*84?,<@8&BA
BAG46G*8@BG84E7<46%BA<GBE<A:
"4(8114"18=E4*>9F5BC9DI?6"1CC138EC5DDC1BD=?ED8*(?>771>7,1>7
*>9F5BC9DI?6"1CC138EC5DDC1BD=?ED8?<<575?6>79>55B9>7*(.?>7 9=
*>9F5BC9DI?6"1CC138EC5DDC1BD=?ED8*(  
,JB
?4L8E4A7%H?G<
FGE4G8:LE4@8JBE>9BE H@4A6G<I<GL*86B:A<G<BAHF<A:F@4EGC;BA8
&91>E?*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>19>!9E*>9F5BC9DI?6
(395>351>4)538>?<?7I?689>1% ' 89>181>7,5>85>(D1D5*>9F5BC9DI?6#5G
.?B;1DE661<?*( 

 $$
$$6+1)3-;>69215/

$6+1)3@5)41+:

EBHC%B5<?<GL8G86G<BA ,E46><A:4A7;4E46G8E<M4G<BA
F1>#E>5C545B1<*>9F5BC9DI?6"9>1C5B19CB1J9<%54B?$ ( +1J45"5<?545B1<
*>9F5BC9DI?6"9>1C5B19CB1J9<>D?>9?  !?EB59B?545B1<*>9F5BC9DI?6"9>1C5B19C
B1J9< 
*8FBHE68??B64G<BA9BE/<E8?8FF46;<A:<A+B6<4??L
A45?87B@@HA<64G<BAF
E1A9>7,E59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1!9,1>7
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1)?==I(F5>CC?>
81<=5BC*>9F5BC9DI?6)538>?<?7I(G545>/8E1>*>9F5BC9DI?6?ECD?>*( 
+G88E<A:!A9BE@4G<BA4F6478F<A4+B6<4?+LFG8@5L+8?86G<I8*8J<E<A:4A7!A68AG<I8+887<A:
5>1?C91?B14E1D5>CD9DED5?6?==E>931D9?>>79>55B9>7#1D9?>1<)19G1>*>9F5BC9DI
)19G1> G1>785>785>#1D9?>1<)19G1>*>9F5BC9DI)19G1> 
%B78?<A:4A7FG<@4G<A:G;8+GEH6GHE8B9
4F87%B5<?8+B6<4?&8GJBE>F
(979D%1=2E49#?BD81B?<9>1(D1D5*>9F5BC9DI*(,5>I5,1>7#(D1D5*>9F5BC9DI
*(<966,1>7B=I'5C51B38$66935*( 
BJG;8AG<
*H@BE#<??FG;8*H@BEBA9?<6G<A:!A9BE@4G<BA(EBC4:4G<BA<A&8GJBE>F
95,1>7#?BD81B?<9>1(D1D5*>9F5BC9DI*(,5>I5,1>7#(D1D5*>9F5BC9DI*(
<966,1>7B=I'5C51B38$66935*( 

 $$$
$$);-331;-)5,$7)+-644<51+);165:

644<51+);165:5;-9)+;1=-

BHE
<@8AF<BA4?BAFG8??4G<BAF9BEH4?
(B?4E<M87+4G8??<G8B@@HA<64G<BAF
#93?<Z"1JJ1<9*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB71B2?4 1I81>*>9F5BC9DI?6
!EH5=2?EB7!EH5=2?EB781F1>9(81>;1B"IC?B5'>D5B49C39@<9>1BI5>DB56?B(53EB9DI
'5<9129<9DI1>4)BECD*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7 
&BA
?<A84E<FGBEG<BA&B<F84A68??4G<BA9BE+4G8??<G8*8GHEA$<A>F
(F9<5>9=9DB?F5B=1>5B?C@1355>D5B!'5B=1>I 
 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

0)55-3,-5;1.1+);165)5,$069;-515/

KC?B<G<A:+C86GE4?*8:EBJG;9BE"B<AG(;4E46G8E<FG<6FFG<@4G<BA4A7;4AA8?!78AG<9<64G<BA
E1>719(D5F5>C>CD9DED5?6)538>?<?7I*( 81<54=<58%5>>(D1D5"?>D<D?
*(?>729>!9(D5F5>C>CD9DED5?6)538>?<?7I*( 
;4AA8?FG<@4G<BA,86;A<DH8F9BE<99HF<BA
4F87%B?86H?4EB@@HA<64G<BAF
+18941=1<9B954B938<5H1>45B*>9F5BC9DIB<1>75>#aEB>25B75B=1>IB=1>
8=14J1458*>9F5BC9DI?6B<1>75>#EB5=25B75B=1>I8B9CD?@851B49>
9?9>6?B=1D93C5B=1>I59>B938(D938D9?9>6?B=1D93C5B=1>I'?25BD(38?25B
*>9F5BC9DI?6B9D9C8?<E=2911>141 
8F<:A4A7A4?LF<FE4@8JBE>9BE+C4EF8!*;4AA8?+;BEG8A<A:
2E21;B$ <221C9&1D1B*>9F5BC9DI&1D1B'94811=9<1&1D1B*>9F5BC9DI&1D1B
,18554* 1:G1'ED75BC*>9F5BC9DI*(#1?61<<8189B*>9F5BC9DI?6)5H1C1D1<<1C
*( 
$BJ
6B@C?8K<GL;4AA8?+;BEG8A<A:*868<I8EJ<G;<I8EF<GL+HCCBEG9BEIB?I878I<68F
(81E!E>4*>9F5BC9DI(G545>1B1<4 B[<<)/EB938(G9DJ5B<1>4&9ED9>7E1>7
)/EB938(G9DJ5B<1>4B54B9;'EC5;!E>4*>9F5BC9DI(G545> 
;4E46G8E<M4G<BAB9 (-F<A:,JB<@8AF<BA4?8A8E4?%8@BEL(B?LAB@<4?9BEH4?4A7
4EE<8E::E8:4G87%!%'
'%+LFG8@F
%1B17771BG1<>4B1@B1CD81>CD9DED5?6>6?B=1D9?>)538>?<?7I5<89)5<89>491
+9F5;?81B1>4B1@B1CD81>CD9DED5?6>6?B=1D9?>)538>?<?7I5<89)5<89>491  

 ($
(19-3-::644<51+);165:$@476:1<4

-;>6926,15/

&8GJBE>6B7<A:899<6<8A6L<AG;8CE8F8A68B94A<AG8E@<GG8AG546>;4H?A8GJBE>
(D561>38<59D>5B%5>>CI<F1>91(D1D5*>9F5BC9DI*()?=!1%?BD1%5>>CI<F1>91(D1D5
*>9F5BC9DI*((B9;1>D8+  B9C8>1=EBD8I*>9F5BC9DI?61<96?B>91'9F5BC945*(+93D?B
&E9J8@9*(B=I'*(  
A99<6<8AG&8GJBE>B7<A:+6;8@89BE,JB
J4LB@@HA<64G<BAJ<G;*)887546>
?>7I9/8E%EB4E5*>9F5BC9DI*(5C=1(=941*>9F5BC9DI?6<<9>?9C1D89317?*(
1F94!?F5%EB4E5*>9F5BC9DI*( 
(;LF<64?
?4L8E&8GJBE>B7<A: <:;(8E9BE@4A68( 1
?4L8E86B78E
(81;55<(1<1=1D*<<18)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7(?E>781>7
!95G)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7!E!E)8589>5C5*>9F5BC9DI?6
?>7 ?>7?>7 ?>7!9J81?.?E)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7  
'AG;8!@C46GB9$BFFL;4AA8?F<A/<E8?8FF7:846;<A:
>75<1(1B113391@E?D9*>9F5BC9DI?6#1@<5C545B93?D1<I"1B35<<?1<5669*>9F5BC9DI
?6#1@<5C545B93?D1<I"9>7IE59*>9F5BC9DI?6(?ED85B>1<96?B>91*(19=5
!<?B315<<!12C<31D5<!E35>D*(>D?>91)E<9>?5<<!12?B1D?B95C*>9F5BC9DN457<9
CDE4949#1@?<9*(  
*4G8J4E8&8GJBE>B78FBEBBE7<A4G87%H?G<4F8
+G4G<BA&8GJBE>F
"?81==54(196 9>7184*>9F5BC9DI?6%5DB?<5E=1>4"9>5B1<C(1E49B12918=54
?E9;1<96?B>91>CD9DED5?6)538>?<?7I*((1=58(?B?EB 9>7184*>9F5BC9DI?6
%5DB?<5E=1>4"9>5B1<C *%"(1E49B1291  
5;-9.-9-5+-0)9)+;-91A);165

H??
HC?8K?BH7
*&J<G;-C?<A> BJA?<A>*8@BG8*47<B 847FFB6<4G<BA
"?81==141<9"?81==149(818B5;?B4*>9F5BC9DIB1>9=1<(EB1G55B1*>9F5BC9DI?6
%5B145>9I1(B9!1>;189>D81)5<<1=2EB1*>9F5BC9DI?6<25BD11>141  
!@C46GB9$'+ &$'+(EBC4:4G<BA4A7(4G;$BFF<A-?GE4
8AF88??H?4E&8GJBE>F
5C]CB>1EE1G59)538>?<?795C? !D4 "1D85=1D931<1>4<7?B9D8=93(395>35C!12
B1>35'5C51B385>D5BB1>35D1<?DJ5>9"1D85=1D931<1>4<7?B9D8=93(395>35C!12
B1>35'5C51B385>D5BE1G59)538>?<?795C? !D4 B1>35"1B9?C ?E>D?EB9CE1G59
)538>?<?795CB1>35  
%H?G<
'C8E4GBE+C86GEH@+;4E<A:HF<A:%4G6;<A:4@8<A+@4??8??F&8GJBE>
)138@?B>(1>7E1>@E1;*>9F5BC9DI?6$E<E9><1>4(E41BC81>EBE1381BI1*>9F5BC9DI?6
"1>9D?211>141#1>41>1'1:1D85F1*>9F5BC9DI?6$E<E9><1>4"58495>>9C5>DB5?6
,9B5<5CC?==E>931D9?>C*>9F5BC9DI?6$E<E9><1>4EC9D#9I1D?#1>I1>7)538>?<?7931<
*>9F5BC9DI(9>71@?B5"1DD9!1DF118?*?$E<E9><1>4  
,;EBH:;CHG4A7BI8E4:89BE4%<K87H??4A7 4?9HC?8K+@4??8??&8GJBE>
(1>:1I?I1<#5G.?B;*>9F5BC9DI*(1B<?1<9?DD?)+')B9>9DI?<<575E2<9>
B5<1>4#93?<1"1B385DD9)+')B9>9DI?<<575B5<1>4(89F5>4B1%1>G1B%?<ID538>93
>CD9DED5?6#5G.?B;*>9F5BC9DI*(  
BJA?<A>BI8E4:8(EB545<?<GLB9#
,<8E 8G&8GFJ<G;8A8E4?&BA
-A<9BE@-F8E<FGE<5HG<BAF
89B1>:92(181+9B79>91%?<ID538>93>CD9DED51>4(D1D5*>9F5BC9DI*(1B@B55D(89<<?>
+9B79>91)538*(  

5;-9.-9-5+-)5)/-4-5;

!AG8E98E8A68?<:A@8AGJ<G;(;LF<64?
$4L8E&8GJBE>B7<A:<A%!%'*8?4L;4AA8?F
)C5)9>81>)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7)1D" !?;)8589>5C5
*>9F5BC9DI?6?>7 ?>7?>7 ?>7  
!AG8E
-F8E!AG8E98E8A68BBE7<A4G<BA<AH??
HC?8K+LFG8@F4F87BA8B:E4C;<64?BAG8KG
!A9BE@4G<BA
"5<9CC1E1BD5E1G59)538>?<?795CB1>356565;9B1>35'5C51B385>D5BE1G59
)538>?<?795CB1>35(D561>+1<5>D9>E1G59)538>?<?795CB1>35  
,JB
+G4:8*4A>+8?86G<BA+6;8@8<ABJA?<A>B%(,E4AF@<FF<BA&8GJBE>F
.?>7,1>71B29>>CD9DED5?6)538>?<?7I% ' 89>15>!91>7*>9F5BC9DI?6)?B?>D?
1>141.E29>-E1B29>>CD9DED5?6)538>?<?7I% ' 89>1  
&8JA8E:L99<6<8AG84@9BE@<A:+GE4G8:L9BE%!+'!54F87BA$4E:8+LFG8@FA4?LF<F
(1>7'9=!55 ?B51*>9F5BC9DI ?B51158??>E>7 ?B51*>9F5BC9DI ?B5115G??;
%1B; ?B51*>9F5BC9DI ?B51>;IE!55 ?B51*>9F5BC9DI ?B51  
A4?B:+C4G<4?86BHC?<A:9BE,46>?<A:G;8&84E
4E(EB5?8@<A/<E8?8FF?L(BJ8E87
B@@HA<64G<BAF
E1>7HE/8E)85*>9F5BC9DI?6?>7 ?>7% ' 89>1 1929>E1>75@D ?6<53DB931<
1>4<53DB?>93>79>55B9>7)85*>9F5BC9DI?6?>7 ?>7?>7 ?>7  

)::1=- 

BJA?<A>%H?G<HF8E%4FF<I8%!%'<A*<6<4A;4AA8?FHA78E(<?BGBAG4@<A4G<BA
!?E/81?*>9F5BC9DI?6#5G(?ED8,1<5CECDB1<91)1?.1>7*>9F5BC9DI?6)538>?<?7I
(I4>5IECDB1<919?F1>>95B1395<<!12CB5<1>49>8?>7.E1>*>9F5BC9DI?6#5G
(?ED8,1<5CECDB1<91  
%B78??<A:!AG8E98E8A68<A <:;?G<GH78(?4G9BE@FJ<G;$B+%4FF<I8%!%'
.5A9>7E"?>1C8*>9F5BC9DIECDB1<91.9?>7"?>1C8*>9F5BC9DIECDB1<911=95(
F1>C*>9F5BC9DI?6"5<2?EB>5ECDB1<91  
%4FF<I8%!%',JB
/4L*8?4L&8GJBE>FJ<G;;4AA8?!@C8E986G<BAF
(81C89>4B1(9<F1*>9F5BC9DI?6<25BD11>1411I1>=1B1CEB9I1(?ED85B><<9>?9C
*>9F5BC9DI*(89>D81)5<<1=2EB1*>9F5BC9DI?6<25BD11>141"1C?E4B41;1>9
*>9F5BC9DI?6<25BD11>141 
'AG;8+C86GE4?99<6<8A6LB9+C468
BAFGE4<A87%4FF<I8%!%'J<G;$<A84E*868<I8EF
91I9/81>759:9>791?D?>7*>9F5BC9DI% ' 89>1!9>7<?>719)C9>78E1*>9F5BC9DI% '
89>1"93819<"1DD819?E&E55>C*>9F5BC9DI5<61CD*>9D54 9>74?=8B9CD?C"1C?EB?C
*>9F5BC9DI?<<575!?>4?>*>9D54 9>74?=(899>(?ED851CD*>9F5BC9DI% ' 89>1  
KC?B<G<A:B@<A4AG<:8A7<E86G<BAF9BE887546>B@CE8FF<BA9BE
54F87%4FF<I8%!%'
+LFG8@F
IE>7:E!55%EB4E5*>9F5BC9DI*(I?E>7:E9(5?E<#1D9?>1<*>9F5BC9DI(1=CE>7
<53DB?>93C ? !D4 ?B511F94!?F5%EB4E5*>9F5BC9DI*(I?>78I?(89=(5?E<
#1D9?>1<*>9F5BC9DI ?B51  

5;-9.-9-5+-)5)/-4-5;)5,669,15);1655;-9)+;1=-

%H?G<C?8FFB6<4G<BA<A-?GE4
8AF8&8GJBE>F
"18=?E4 1=5<?>3?B491*>9F5BC9DI1>141,1<111=?E41?>3?B491*>9F5BC9DI
1>141=B.?ECC56?>3?B491*>9F5BC9DI1>141  
,E478B9958GJ88A( 146;<A:4A7BE8&8GJBE>46;<A:<A8??H?4E&8GJBE>F
,591>?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7>!9E?>7 ?>7
*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7+9>35>D!1E?>7 ?>7*>9F5BC9DI?6
(395>351>4)538>?<?7I?>7 ?>7  
** 54F87%4FF<I8%!%'J<G;BAG;8?L(<?BGBAG4@<A4G<BABAGEB?
$J7E>. EBC1<9?7<E?3?=?>>?F1D9?>C*(85>G59,1>7$$"$>>?F1D9?>C
>3 *(1B1<12?C%1@14?@?E<?C$$"$>>?F1D9?>C>3 *(9EC5@@519B5
)538>9C385*>9F5BC9DOD5B<9>5B=1>I  
'5?<DH8(EB=86G<BA
4F87!AG8E98E8A684A68??4G<BA<AH??
HC?8K%!%'+LFG8@F
8E>1?1>7#1D9?>1<891?)E>7*>9F5BC9DI)19G1>%59'?>7!9#1D9?>1<891?)E>7
*>9F5BC9DI)19G1> 19)5>5>7#1D9?>1<891?)E>7*>9F5BC9DI)19G1>  
*4A7B@<M874HFF<4A%8FF4:8(4FF<A:9BE+64?45?8-C?<A>+<:A4?(EB68FF<A:<A
*&F
?>7=9>1>)8589>5C5*>9F5BC9DI?6?>7 ?>7?>7 ?>7-91?:E>.E1>
(81>7819)538*>9F5BC9DI% ' 89>1.9>7E>>75<1/81>7)8589>5C5*>9F5BC9DI?6
?>7 ?>7?>7 ?>7  
'CG<@<M<A:(BJ8E4A7-F8EFFB6<4G<BA9BEA8E:L+4I<A:<A$B47
BHC?87BBC8E4G<I8$,
!59.?E!9>;[@9>7*>9F5BC9DI(G545>!59!59!9>;[@9>7*>9F5BC9DI(G545>9.E1>
!9>;[@9>7*>9F5BC9DI(G545>  

 $
,06+)5,$-5:69-;>69215/$@476:1<4

!6>-965;963

*8?4L+H5F8G+8?86G<BA+6;8@89BE/<E8?8FF+8AFBE&8GJBE>F4F87BA;4AA8?+G4G8
!A9BE@4G<BA
(5I541=54"?EC1F9(89B1J*>9F5BC9DI?6)538>?<?7IB1>1F141789781D(89B1J
*>9F5BC9DI?6)538>?<?7IB1>,1<111=?E41?>3?B491*>9F5BC9DI1>141  
/<E8?8FF(BJ8E,E4AF98E9BE668FF$<@<G87/<E8?8FF-A78E:EBHA7+8AFBE&8GJBE>F
(D5F5> 9CC5<566B954B938<5H1>45B*>9F5BC9DIB<1>75>#^B>25B7*5B=1>I
-91?I1>785>*>9F5BC9DI?6B<1>75>#EB5=25B75B=1>I1> ;I9<49J5?B791
>CD9DED5?6)538>?<?7I*(,?<671>75BCD13;5B*>9F5BC9DI?6B<1>75>#E5B>25B7
5B=1>I  
LA4@<6(BJ8EBAGEB?4A7'CG<@<M4G<BA+6;8@89BE)B+
BAFGE4<A87BBC8E4G<I8/<E8?8FF
+8AFBE&8GJBE>F
/9A91>75>7*>9F5BC9DI?61=2B9475*>9D54 9>74?=1>1=5C,1CC5<<*>9F5BC9DI?6
1=2B9475*>9D54 9>74?=  
%4K<@H@$<>8?<;BB7FG<@4G<BAB9?B6>+>8J<A+C4EF8'A8
/4L(46>8G,E4AF@<FF<BAF9BE
%46;<A8,LC8B@@HA<64G<BACC?<64G<BAF
D1>EE38819D(1=CE>7'>CD9DED5>4911>71<?B5>491  
LA4@<6+8AF<A:+6;87H?<A:GB(EB?BA:&8GJBE>$<98G<@8HA78E(E46G<64?*8DH<E8@8AGF
.1>7%5>7*>9F5BC9DI?6,1C89>7D?>?D85<<*(/9!9?G1(D1D5*>9F5BC9DI*(
,5>C85>7/81>7?G1(D1D5*>9F5BC9DI*(1:9&91??G1(D1D5*>9F5BC9DI*( 

 $$
644<51+);165)5,5.694);165$@:;-4:$-+<91;@
$@476:1<4

!0@:1+)3)@-9$-+<91;@

"B<AG(BJ8E4A7668FFBAGEB?9BE(;LF<64?$4L8E+86HE<GL<AB@@HA<64G<BAF-A78E?4L<A:
8??H?4E&8GJBE>F
'?>7A9>7/81>7?<?B14?(D1D5*>9F5BC9DI*(-91>785>7%5;9>7*>9F5BC9DI% '
89>1!9EA9>7.1>7?<?B14?(D1D5*>9F5BC9DI*(  
E:B7<6+86E86L4C46<GLA4?LF<F9BEBBC8E4G<I8B@@HA<64G<BAJ<G;*8?4L+8?86G<BA-A78E
&BA
!78AG<64?<FGE<5HG<BA
C1' <?D1929*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?= 819B9 1=49*>9F5BC9DI?6
"1>385CD5B*>9D54 9>74?=  
BA7<G<BA4?BAFG8??4G<BA4F87
<FG<A6G&4G<I8GGE<5HG8
&<A:8ECE<AG<A:9BE&8GJBE>
8I<68HG;8AG<64G<BA
)9=?D8I1B29>?9B?B35>CD9DED5?6)538>?<?7I*("93815<)5=@<59B?B35
>CD9DED5?6)538>?<?7I*(E1>!?@5JB 9B?B35>CD9DED5?6)538>?<?7I*( 
+86E86L(8E9BE@4A68B9G;8EG<9<6<4?&B<F8FF<FG87EB4764FG;4AA8?J<G;BA9<78AG<4?
%8FF4:8F4A7KG8EA4?4I8F7EBCC8EF
E985>59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C*%)% ' 89>1-91?65>7
)1?59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1#1!959:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1-91>7<9>7!959:9>7*>9F5BC9DI?6
%?CD1>4)5<53?==E>931D9?>C% ' 89>1  
'HG4:8BAFGE4<A87+86E86L*4G8%4K<@<M4G<BA-F<A:EG<9<6<4?
&B<F8<78784@9BE@<A:4A7
BBC8E4G<I8"4@@<A:
!9>E*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>19>,E)91>
:9>*>9F5BC9DI% ' 89>1)1>795*()9>89>1% ' 89>159%1>*>9F5BC9DI?6
<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1?>7,5>*()% ' 89>1  

 "#
644<51+);165"6$#-31)*131;@)5,6,-315/
$@476:1<4

%663:)5,-;06,:

+GB6;4FG<68B@8GELA4?LF<F4A7'CG<@<M4G<BAB9-C?<A>8??H?4E&8GJBE>FJ<G;E46G<BA4?
(BJ8EBAGEB?4A7'CG<@H@B@5<A<A:
%5>7E1>E1G59)538>?<?795C% ' 89>1"1B3?9'5>J?%1B9C(13<1I*>9F5BC9DI

#'(B1>35  
/<E874A7/<E8?8FF&8GJBE>BBC8E4G<BA9BE)H<6>*86BI8EL
.E#1;1I1=1)85*>9F5BC9DI?6)?;I?1@1> 1JE;9"1BED1 IEC8E*>9F5BC9DI1@1>
)1;EI1)CEDCE=9#53?!12?B1D?B95C1@1> 1?BE(5J1;9*>9F5BC9DI?6)?;I?1@1>  
8?4L
BHA787,E4AFCBEGHF<A:*4G8?8FFB78F9BE! 'HFBI8E/<E8?8FFG;8EA8G
.E;91I1C89#?B@?B1D9?>1@1>E>(EJE;9#?B@?B1D9?>1@1>"1C1;9 1>
#?B@?B1D9?>1@1>)1;1C89.?C89;1G1#?B@?B1D9?>1@1>(89>I1"9I1;1G1
#?B@?B1D9?>1@1>  
,;8+G45<?<GL*8:<BAB9G;8,JB
-F8EEB4764FG;4AA8?
#9;?<1?C%1@@1C!9>;[@9>7*>9F5BC9DI(G545>"1B9?C ?E>D?EB9CE1G59)538>?<?795C
B1>35  
!AG8EI8;<6H?4EB@@HA<64G<BA+LFG8@FHA78EB
;4AA8?!AG8E98E8A684A7'HG74G87;4AA8?
FG<@4G8F
%5DB?C( 9D81C*>9F5BC9DI?6%9B15ECB55355?B756D8I=?7<?E*>9F5BC9DI?6%9B15EC
B5535D81>1C9?C  1>1D1C*>9F5BC9DI?6%9B15ECB5535  

 #
6/51;1=-#),16)5,-;>692:$@476:1<4

4-9/15/%671+:$-9=1+-:)5,7731+);165:5;-9)+;1=-

(8E9BE@4A68A4?LF<FB9 L5E<7B:A<G<I8*47<B+LFG8@FJ<G;!@C8E986G;4AA8?#ABJ?87:8
>;9D 1EC89; 1B<CBE85>CD9DED5?6)538>?<?7I5B=1>I(8B55 B9C8>1(81B=1
*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7(I=5?>81DJ9>?D1C*>9F5BC9DI?6!EH5=2?EB7
!EH5=2?EB7:[B>$DD5BCD5>*>9F5BC9DI?6!EH5=2?EB7!EH5=2?EB7B954B938 ?>4B1<
 1B<CBE85>CD9DED5?6)538>?<?7I5B=1>I  
A4?LF<FB94A!AG8EEHCG<BA
4F87(E<BE<GL9BE%H?G<
?4FF+86BA74EL-F8EF<AB:A<G<I8*47<B
&8GJBE>F
8=54/1;1B9I113E<DI?6>79>55B9>7<5H1>4B91*>9F5BC9DI<5H1>4B917I@D(85B96
'129113E<DI?6>79>55B9>7<5H1>4B91*>9F5BC9DI7I@D  
!@C46GB9 4E7J4E8!@C4<E@8AGBA+C86GEH@-A78E?4LB:A<G<I8%H?G<C?8*8?4LF&8GJBE>
19.1>E1>7-991>*>9F5BC9DI% ' 89>1/1>!9-9491>*>9F5BC9DI% ' 89>1?9
59:9>791?D?>7*>9F5BC9DI(D1D5 5I!12?6'19<)B16693?>DB?<1>4(165DI% ' 89>1
?>7@E,1>759:9>791?D?>7*>9F5BC9DI% ' 89>1"?81==14( $21941D?B481=
*>9F5BC9DI*(  
,;86;<8I45?84C46<GL+64?<A:$4JFB9B:A<G<I8*47<B&8GJBE>F
/89A9>7,5959:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1/89I?>75>7
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1-9>.E1>59:9>7*>9F5BC9DI
?6%?CD1>4)5<53?==E>931D9?>C% ' 89>1-9>IE5>759:9>7*>9F5BC9DI?6%?CD1>4
)5<53?==E>931D9?>% ' 89>1&9HE>/81>759:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>1-9>,1>7(D?>IB??;*>9F5BC9DI*(  
*86BAFGEH6G<BAB944HFF<4A*4A7B@<8?7J<G;CC?<64G<BAGB+C86GEH@4EGB:E4C;L
55D8E?C5@8>491>>CD9DED5?6(395>35>49181>4B1'"EBD8I>491>>CD9DED5?6
(395>35>491  

 $$
644<51+);165:$6.;>)9-$-9=1+-:)5,
<3;14-,1)7731+);165:$@476:1<4

<3;14-,1)$;9-)415/)5,'1,-6-31=-9@

$4E:8
F64?8;4E46G8E<M4G<BAB9B@CE8;8AF<I8'A?<A8.<78B+8EI<68<A%B5<?8&8GJBE>
85>IE!959:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1E>!9EB
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1  
A8E:L
J4E8BA6HEE8AG%H?G<C4G;,E4AF98E9BE*84?
,<@8.<78B+GE84@<A:GB%H?G<;B@87
,8E@<A4?F
9I1>,E(9>71@?B5*>9F5BC9DI?6)538>?<?7I1>45C97>(9>71@?B5"9>7,1>759:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>181E.E5>(9>71@?B5*>9F5BC9DI?6
)538>?<?7I1>45C97>(9>71@?B5  
)H4?<GL!@CEBI8@8AG4A7'I8E;847*87H6G<BA9BE+B9G.<78B8?<I8EL
)1;EI1E:981C89$C1;1*>9F5BC9DI1@1>)?C891;9 ?9;5;9>?"9DCE29C89<53DB93
'5C51B38!12?B1D?B95C"'!*()1;1C89,1D1>125$C1;1*>9F5BC9DI1@1>%89<9@
$B<9;"9DCE29C89<53DB93'5C51B38!12?B1D?B95C*( 
(EBI<F<BA<A:BFG
89986G<I8%B5<?8.<78B46;<A:
(5I548C1>8?B59C89 9>7C?<<575!?>4?>*>9D54 9>74?=+1C9<9CB945B9;?C 9>7C
?<<575!?>4?>*>9D54 9>74?==IDB? 1B1=C8E; 9>7C?<<575!?>4?>*>9D54
9>74?=#9C81>D8(1CDBI 9>7C?<<575!?>4?> 9>7C?<<575!?>4?>*>9D54 9>74?=
1=9478F1=9 9>7C?<<575!?>4?>*>9D54 9>74?=  
CC?<64G<I8
$4L8E%H?G<C4G;9BE$BJ
$4G8A6L74CG<I8$<I8+GE84@<A:
%1DB935?EJS$B1>75!12CB1>35==1>E5<"?BI$B1>75!12CB1>355B1<49>5
)5H95B'(
)!$"B5D17>5
'5$%>CD9DED"9>5C)5<53?=
)5<53?=B5D17>5
'("
B1>35G5>41<(9=?>>CD9DED"9>5C)5<53?=)5<53?=B5D17>5B1>35  

 %
644<51+);165:%0-69@

6,15/

A99<6<8AGK;4HFG<I8+84E6;?:BE<G;@9BE?8@8AG4EL,E4CC<A:+8GFB9.4E<45?8
*8:H?4E
$(B78F
.??>5C1C85=9)?B?7891B<5D?>*>9F5BC9DI1>141=9B1>981C85=91B<5D?>
*>9F5BC9DI1>141 
(E46G<64?$(A6B78EF*B5HFGGB 4E7J4E8EEBEF
<C1E@B1J)5<53?=B5D17>5B1>35+1<5>D9>(1F9>!)B1>35(1D9C8B1>489
*>9F5BC9DI?<<575?B;B5<1>4=1>E5<" %?@?F939*>9F5BC9DI?<<575?B;B5<1>4
1F9453<5B3A)(#(
E>9F ?65B7I%?>D?9C5
#'(B1>35 
H??L(4E4??8?/<A7BJ86B78EE6;<G86GHE89BE+C4G<4??L
BHC?87$(B78F
#1:552*<1CC1>B5C45>*>9F5BC9DI?6)538>?<?7I5B=1>I"1BD9>(38<^D5B+?416?>5
819B"?29<5?==E>931D9?>C(ICD5=)*B5C45>5B=1>I5B81B4% 5DDG59CB5C45>
*>9F5BC9DI?6)538>?<?7I5B=1>I 
(8E9BE@4A68A4?LF<F4A7'CG<@<M4G<BAB9$,B78FJ<G;-A8DH4?*86BI8EL,<@84A7
!AG8E@87<4G8887546>
'1>1221C)85*>9F5BC9DI?6(I4>5IECDB1<91"18I1B(89BF1>9=?781441=*>9F5BC9DI?6
#5G31CD<5ECDB1<91.?>78E9!9*>9F5BC9DI?6(I4>5IECDB1<91B1>;1+E35D93*>9F5BC9DI
?6(I4>5IECDB1<91 
EEBE
BEE86G<A:HA6G<BA4?!A78KB78F 8A8E4?<M87K6?HF<I8$4JF4A7E4C;B?BE<A:
>9>4I1E@D1>491>>CD9DED5?6(395>35>491 (E>41B'1:1>>491>>CD9DED5?6
(395>35>491 

 $
9--5644<51+);165:$@:;-4:)5,-;>692:

5-9/@)5)/-4-5;

H??
HC?8K%46;<A8
GB
%46;<A8B@@HA<64G<BA9BE/<E8?8FF
(BJ8E87!AG8EA8G
B9
,;<A:F
.?>7-91?*>9F5BC9DI?6?ECD?>*(/9H91>7-9?>7)5H1C"*>9F5BC9DI*(EC9D
#9I1D?#1>I1>7)538>?<?7931<*>9F5BC9DI(9>71@?B5/8E1>*>9F5BC9DI?6?ECD?>*(
!E9J1(9<F1)B9>9DI?<<575)B9>9DI?<<575E2<9>B5<1>4 
*8FCBAF<I8?:BE<G;@F9BE 4A7?<A:$B47+HE:8F4A7+J<G6;<A:$<A>F'A<AE88A&8GJBE>F
'14E1B@1#(45!I?>B1>35"1B3?C91C45CCE>31?>B91B1>35$<9F95B<E3;
!%>C!I?>B1>35!1EB5>D!565FB5#'B1>3551>8B9CD?@85"97>?D#(!I?>
B1>35 
"B<AG'CG<@<M4G<BAB9&
4<78784@9BE@<A:4A7(BJ8E+C?<GG<A:8F<:AF9BE%!+'+86E86L
;4AA8?J<G;+/!(,
/85>7IE/8E/85>7J8?E*>9F5BC9DI% ' 89>1/85>78E#5G31CD<5*>9F5BC9DI*>9D54
9>74?=/8?>7I?>7,1>7/85>7J8?E*>9F5BC9DI% ' 89>1>;IE!55 ?B51
*>9F5BC9DI ?B51 
A8E:L
4EI8FG<A:<ABBC8E4G<I8*8?4L<A:&8GJBE>F'I8E$B:
&BE@4?47<A:;4AA8?F
81<54" '1295"1>385CD5B"5DB?@?<9D1>*>9F5BC9DI*>9D54 9>74?=245<81=94(1<5=
*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?==14<CEC1"1>385CD5B*>9F5BC9DI*>9D54
9>74?="?81=54(<9=<?E9>9 9>724E<<18*>9F5BC9DI?6(395>351>4)538>?<?7I
 *()(1E49B1291 
BBE7<A4G87(BJ8E*87H6G<BA<A%H?G<
,8A4AGB?B64G<BA4G468AG8EA@8E:8A6L8@4A7
*8FCBAF8+GH7L
#7EI5> )B1> IE>755*>9F5BC9DI ?B518E1>%81= IE>755*>9F5BC9DI ?B51
(81?<59'5>*>9F5BC9DI?61<96?B>91'9F5BC945*(/8E1>*>9F5BC9DI?6?ECD?>*(
8??>7(5?>?>7 IE>755*>9F5BC9DI ?B51 

 (
6*13-)5,(19-3-::-;>69215/$@476:1<4

-;-96/-5-6<:(19-3-::-;>692:

+8?9
'E:4A<M<A:*47<B*8FBHE68%4A4:8@8AG9BE&8KG8A8E4G<BA 8G8EB:8A8BHF/<E8?8FF
&8GJBE>F
"1BI454?I9>*>9F5BC9DI?61@5)?G>(?ED86B931$<129C9==1>E5<1<?G?*>9F5BC9DI
?61@5)?G>(?ED86B931 
+B?<74E<GL
54F87BBC8E4G<I84@8F9BE*8FBHE68??B64G<BAJ<G;%46EB
HF8EF(EBG86G<BA<A
8G&8GF
"?E>11:9B3?<545)538>?<?795(E@5B95EB51>141'1=9!1>71B*%"*>9F5BC9DI?6
%1B9CB1>35B1>3?9C17>?>3?<545)538>?<?795(E@5B95EB51>141 
-G<?<GL9HA6G<BA
4F87,'(+!+9BE&8GJBE>!AG8E9468+8?86G<BA<A 8G8EB:8A8BHF/<E8?8FF
&8GJBE>F
"?81=54245<;B9=(5>?E39*%B1>35(194?359>9*%*>9F5BC9DI%1B9CCDB5D59<
+1<45"1B>5B1>35245<81=94"5<<?E;*%*>9F5BC9DI%1B9CCDB5D59<+1<45"1B>5
B1>35  
AA4?LG<64?CCEB46;GBB8K<FG<A:I4?H4G<BA<A%H?G<
*, 8G8EB:8A8BHF&8GJBE>FJ<G;
'CCBEGHA<FG<6+% 
?>785>7)C19#1D9?>1<891?)E>7*>9F5BC9DI)19G1>8E>E>7!9E#1D9?>1<891?
)E>7*>9F5BC9DI)19G1>!98E>,1>7#1D9?>1<891?)E>7*>9F5BC9DI)19G1>  
LA4@<6*4A:8J4E8$,-C?<A>( 'CG<@<M4G<BA<A 8G&8G
5>B9;""1BD9;19>5>"179CD5B(?<ED9?>C!D4 #?;919><1>4>7?+95B9>7#?=?B
'5C51B38=25B=1>I5B>81B4,57=1>>#?;915B=1>I 

$4)33-33-;>692:

'99?B47<A:GE499<6;BGFCBGFHF<A:@BI<A:F@4??68??F
I=5>1J9B9$B1>75!12C)5<53?=(E4@1B9C1>4*%"B1>35'9481#1CB9$B1>75
!12CB1>35)9:1>981854)5<53?=(E4%1B9CB1>35  
H??
HC?8K+8?9
546>;4H?+6;8@89BE+@4??8??&8GJBE>FJ<G;%4FF<I8%!%'
!5985>)85*>9F5BC9DI?6B9D9C8?<E=2911>141 '9381B4.E1B<5D?>*>9F5BC9DI
1>141?>7959:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1+93D?B
 " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141-9!959:9>7*>9F5BC9DI?6%?CDC1>4
)5<53?==E>931D9?>C% ' 89>1?'?>7?==E>931D9?>C'5C51B385>DB51>141 
;84G
(EBB9(BJ8EBAGEB?(B?<6L9BE+8?9
'E:4A<M<A:H??
HC?8K+@4??8??F
%B12?49>9(5=1C9>785*>9F5BC9DI?6"1>9D?211>141;B1=?CC19>*>9F5BC9DI?6
"1>9D?211>141 
A8E:L99<6<8AG(BJ8E??B64G<BA4A746>;4H?8F<:A<A 8G8EB:8A8BHF+@4??8??&8GJBE>F
1?!9E*>9F5BC9DI?6B9D9C8?<E=2911>14119:E>/81>7)85*>9F5BC9DI?6B9D9C8
?<E=2911>141E<91>85>7*>9F5BC9DI?6B9D9C8?<E=2911>141+93D?B " !5E>7
*>9F5BC9DI?6B9D9C8?<E=2911>141 
+@4EG46;<A:<A/<E8?8FF+@4??8??&8GJBE>FI<4BAG8KGH4?%H?G<
E@874A7<GF
(12B9>1"^<<5B)538>9C385*>9F5BC9DOD1B=CD14D5B=1>I$>EBD1>*>9F5BC9DI?6
1<96?B>91!?C>75<5C*("9815<1F1>45B(3811B*!*(>:1 <59>)*
1B=CD14D5B=1>I 

6*13-(19-3-::-;>692:5;-9)+;1=-

+C468<I<F<BAH??
7HC?8K+6;8@8J<G;"B<AG+6;87H?<A:4A7(E86B7<A:8F<:A
,59G59,1>7E:9DCE'5C51B385F5<?@=5>D5>D5B% ' 89>1!59(?>7E:9DCE'
5>D5B89>1% ' 89>1,1>7-9>E:9DCE'5C51B381>45F5<?@=5>D5>D5B59:9>7% '
89>1)CEI?C891C571G1E:9DCE!12?B1D?B95C!D4 1@1>.?C89>?B9)1>1;1E:9DCE
!12?B1D?B95C!D4 1@1>)?;EB? E2?E:9DCE!12?B1D?B95C!9=9D541@1> 
A4?LF<FB9 H@4A
B7L?B6>4:8<A-E54A%<??<@8G8E
/4I88??H?4EB@@HA<64G<BAF
"1B71B9D11@5I5>;?)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4>4B5I(1=EI<?F
)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4"9;819<5B1C9=5>;?)1=@5B5*>9F5BC9DI?6
)538>?<?7I9><1>4=9DB9"?<D381>?F)1=@5B5*>9F5BC9DI?6)538>?<?7I9><1>4
(1B12:?D(9>78>D5<?B@?B1D9?>*(8C1>BI161B>D5<!12C*((8E@9>7.58>D5<
?B@?B1D9?>*(#1755>9=1I1D>D5<?B@?B1D9?>*((5B75I>4B55F)1=@5B5
*>9F5BC9DI?6)538>?<?7I9><1>4.5F75>9 ?E385BI1FI)1=@5B5*>9F5BC9DI?6)538>?<?7I
9><1>4 
8;4I<BE4?%4?J4E88G86G<BACCEB46;8F9BEA7EB<7
"?81==14'1;92=9>1>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I1>7<145C8
"585455/1=1>1>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I1>7<145C8"4
(8?8B12?CC19>1>7<145C8*>9F5BC9DI?6>79>55B9>71>4)538>?<?7I1>7<145C8
"?81==54D9AEJJ1=1>*>9F5BC9DI?6$;<18?=1*( 
<FGE<5HG87?HFG8E4F87,E4AF@<FF<BA+6;87H?<A:<A.&,
"5IC1=J9J91>*>9F5BC9DS45(85B2B??;5&E52531>141(?E=1I185B;1?E9
*>9F5BC9DS45(85B2B??;51>141245<81;9=1694*>9F5BC9DI?6"?>DB51<1>141 
?BB7<A:
4F87+B?HG<BAGB!@CEBI8$B64G<BA+8EI<68F<A.&,F
(5<=1?E=5B41CC9?>C5BF1D?9B5#1D9?>1<45CBDC5D"SD95BCB1>35B93'5>1E<D
>CD9DED"9>5C)5<53?=)5<53?=(E4%1B9C(1=?F1B*"'#'( B1>35 

 
-?;-5-9);165-;>69215/)5,5;-95-;$@476:1<4

-5;9)31A-,#)5,36<,#9+01;-+;<9-:

BFG
BAFGE4<A878?4L%<A<@<M4G<BAB9
*&4A7<GF%H?G<C?8K<A:4<A
91>,E*>9F5BC9DI?61<96?B>911F9C*(9@1;8?C1<*>9F5BC9DI?61<96?B>911F9C
*( 
%H?G<64FG84@9BE@<A:9BE/<E8?8FF46>;4H?J<G;-F8E
68AGE<6?HFG8E<A:<A?BH7
*&F
9>E(81>781991?)?>7*>9F5BC9DI% ' 89>1E>A9>7E1(81>781991?)?>7
*>9F5BC9DI% ' 89>119<91>85>(81>781991?)?>7*>9F5BC9DI% ' 89>1-9>@9>7
E1>(81>781991?)?>7*>9F5BC9DI% ' 89>1 
;4AA8?FG<@4G<BA9BE@@/4I8%4FF<I8%!%'4F87668FF4A746>;4H?<A-?GE4
8AF8
&8GJBE>
/85>1?)C9>78E1*>9F5BC9DI% ' 89>1!9>7<?>719)C9>78E1*>9F5BC9DI% ' 89>1
/81?385>7,1>7)C9>78E1*>9F5BC9DI% ' 89>1 
!@C46GB9(46>8G<M4G<BA4A7HA6G<BA4?+C?<GBA
*&EBAG;4H?(8E9BE@4A68
891.E81>7*'$"B1>35'E775B?(3891F9*'$"B1>35#1F94#9;159>
EB53?=B1>35)8B1CIF?E<?C(@IB?@?E<?C*'$"B1>358B9CD91>?>>5D>CD9DED
EB53?=B1>35  
LA4@<6*8FBHE68??B64G<BA9BE?BH7
*&<A$,J<G;*84?
,<@8- ** FF<:A@8AG
"?81==54.1J94!I1J949*>9F5BC9DS%95BB55D"1B95EB95!%B1>35#14:929DC1149
!9((9*>9F5BC9DI?6%1B9CCDB5D59<*%B1>35'1=9!1>71B*%"*>9F5BC9DI?6
%1B9CB1>35  

-?;/-5-9);1655;-95-;7731+);165:)5,$-9=1+-:5;-9)+;1=-

B4?<G<BA
54F87A8E:L99<6<8AG'99?B47<A:+GE4G8:L9BE!@@8EF<I8B??45BE4G<I8CC?<64G<BAF<A
8@GB
?BH7
(8E19.E*%"(?B2?>>5*>9F5BC9D5B1>35'1=9!1>71B*%"*>9F5BC9DI?6%1B9C
B1>35,5>J8?>7!9#1>:9>7*>9F5BC9DI% ' 89>1-E85>*>9F5BC9DI?6?5DD9>75>
5B=1>I  
'A*BHG<A:?:BE<G;@F9BE'C8A%4E>8GC?468FB9(4G;+8EI<68F
(89B55C881D#?BD81B?<9>1(D1D5*>9F5BC9DI*(5?B75# '?EC;1C#?BD81B?<9>1
(D1D5*>9F5BC9DI*(  
+GE84@46;8(BCH?4E<GL
54F8746;<A:9BE74CG<I8+GE84@<A:BI8E!A9BE@4G<BA
8AGE<6
&8GJBE>F
,5>:95!9&E55>C*>9F5BC9DI1>141(81B956"  $D516I&E55>C*>9F5BC9DI1>141
?CC1=( 1CC1>59>&E55>C*>9F5BC9DI1>141 
(?4GBBA
54F87?86GE<6.8;<6?8F;4E:<A:J<G;*8A8J45?8A8E:L+HCC?L)H8H<A:A4?LG<64?
%B78?
5/81>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1% ' 89>1.E=9>7"1?
(% ' 89>1(E@5>7!5>7*>9F5BC9DI?6<53DB?>93(395>351>4)538>?<?7I?689>1
% ' 89>1.1>/81>7(9=E<1'5C51B38!12?B1D?BI1>4*>9F5BC9DI?6$C<?#?BG1I(D59>
:5CC9>7*>9F5BC9DI?6$C<?(9=E<1'5C51B38!12 #?BG1I1>>I  )C1>7?>7
?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 
BC
5L
;BC74CG<I8.<78B+GE84@<A:<ABAG8AG8AGE<6&8GJBE>
/85>7I1>7!9E59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1.9B1>,59
59:9>7*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1 

  $
 7;1+)3-;>692:)5,$@:;-4:

-?;-5-9);165 7;1+)3-;>692:

'CG<64??BJ
+J<G6;87,E4AFCBEG$4L8E(EBGB6B?+<@H?4G<BA4A7A4?LF<F
>4B5G(?>7")*(5>>1E1>7")*(+9>35>D81>"1CC138EC5DDC>CD9DED5?6
)538>?<?7I*( 
E88A4A7$BJ
*<F>BAG8AG(?468@8AG<A'CG<64?BAG8AG8?<I8EL&8GJBE>F
.E,E*>9F5BC9DI?61<96?B>911F9C*("1CC9=?)?B>1D?B5%?<9D53>93?49"9<1>?
*>9F5BC9DI?61<96?B>911F9CD1<I81B<5C"1BD5<*>9F5BC9DI?61<96?B>911F9C*(
9CG1>1D8"E;85B:55*>9F5BC9DI?61<96?B>911F9C*( 
'E6;8FGE4G<A:%H?G<64FG
'E<8AG87&.,E88F<A!AG8E
?4FG<6'CG<64?&8GJBE>F
"5>7<E/5>7*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1,5>:91>1>7
*>9F5BC9DI?6(395>351>4)538>?<?7I?689>1% ' 89>1?5< %  '?4B97E5C>CD9DED?
45)5<53?=E>931R\5C*>9F5BC9DI?659B1>D5B9?B%?BDE71</EA9>7/8E*>9F5BC9DI?6
(395>351>4)538>?<?7I?689>1% ' 89>1 
KC?B<G<A:G;8,E4AF@<FF<BA$4L8E<A$B:<64?,BCB?B:L8F<:AB9?8K<5?8
E<7'CG<64?&8GJBE>F
BC1<1>8=14#1D9?>1<*>9F5BC9DI?6(395>351>4)538>?<?7I#*()%1;9CD1>>4B51
91>3?%?<9D53>93?49)?B9>?D1<IECC59>8?E=1>)5<3?=%1B9CD538B1>35+9DD?B9?
EBB9%?<9D53>93?49)?B9>?D1<IE94?"1B385DD?%?<9D53>93?49)?B9>?D1<I(1B?C8)189B
%?<9D53>93?9)?B9>?D1<I 
4?4A6<A:G;88@4A7FB9*8?<45<?<GL4A7+86HE<GLJ<G;$<A84E&8GJBE>B7<A:<A'CG<64?
&8GJBE>F
>>1>75<=1>>)538>9C385*>9F5BC9DOD1B?<?,9<85<=9>1JEB1E>C38G5975B=1>I
4=5<1E;1>)538>9C385*>9F5BC9DOD1B?<?,9<85<=9>1JEB1E>C38G5975B=1>I 

 $ 


$36<,644<51+);165:)5,-;>69215/

36<,-;>692 7;141A);165)5,36>65;963

'CG<@4?LA4@<6?BH7&8GJBE>BAGEB?
1?5>7*>9F5BC9DI?6(?ED85B>1<96?B>91*(19=5!<?B315<<!12C<31D5<!E35>D
*(>D?>91)E<9>?5<<!12?B1D?B95C*>9F5BC9DN457<9CDE4949#1@?<9*(>4B51C
"?<9C38*>9F5BC9DI?6(?ED85B>1<96?B>91*( 
L8A! LC8EI<FBE
54F878A8E<6!(BA:8FG<BABAGEB?9BE.<EGH4?<M874G48AG8EF
8=54" 245<=?>95=)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7
B189=5>C1?E)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7=E41
1=5C2E)85?>7 ?>7*>9F5BC9DI?6(395>351>4)538>?<?7I?>7 ?>7 
%<A<@<M<A:BFGB9(EBI<F<BA<A:<A4H?G
GB?8E4AG<FGE<5HG874G48AG8EFJ<G;HE45<?<GL
BAFGE4<AGF
'1;5C8)B9@1D89>491>>CD9DED5?6)538>?<?7IEG181D9>491+97>5C8( )EG181D9
>491+5>;1D5C8)1=1B1@1<<9>491>>CD9DED5?6)538>?<?7IEG181D9>491 
*87H68B@C?8G<BA,<@84A7H4E4AG88,;EBH:;CHG5L,E4AFCBEGJ<G;+?<:;GBA:8FG<BA
/?>7I9/81?)C9>78E1*>9F5BC9DI% ' 89>1&9>7!9B14E1D5(38??<1D(85>J85>
)C9>78E1*>9F5BC9DI% ' 89>1"9>7G59-E)C9>78E1*>9F5BC9DI% ' 89>1-9>71>7(89
)C9>78E1*>9F5BC9DI% ' 89>11>/81>7)C9>78E1*>9F5BC9DI59:9>7% ' 89>1 
!@CEBI<A:,(*8FCBAF<I8A8FFJ<G;BAA86G<BA <FGBEL<A4G48AG8E&8GJBE>F
171>7!9%5;9>7*>9F5BC9DI% ' 89>191H91>7,1>7%5;9>7*>9F5BC9DI% ' 89>1
EH9>785>%5;9>7*>9F5BC9DI% ' 89>1  

 $%
$-)3;0

--)3;07731+);165:

A45?<A:+@4EGC;BA8
68AGE<6(?4G9BE@F9BE!A
B@8*8;45<?<G4G<BA4B@C4E<FBA4@BA:
%BI8@8AG*86B:A<G<BACCEB46;8F
7?B9C9?*>9F5BC9DI?65>?1D1<I<5CC1>4B?5<69>?*>9F5BC9DI?65>?1D1<I129?
!1F175DD?*>9F5BC9DI?65>?1D1<I>4B51(391BB?>5*>9F5BC9DI?65>?1D1<I  
/+&)B$/+&F9BE*8@BG8(4G<8AG%BA<GBE<A:<A8
84?G;CC?<64G<BAF
(D561>?)5>>9>1,()AE9<1*>9F5BC9DI?6!AE9<1D1<I"1>E5<?1AE9=%5B59B1?C
(1>D?C,()AE9<1CB<%?BDE71<71@9"5C?491;1;9 1B<CD14*>9F5BC9DI(G545>
%B?4B?=?C+1C9<59?C"5;9;9C*>9F5BC9D1D%?<9DT3>931451D1<E>I1*%(@19><<9 1BDC1;<9
&*')(@19>>75<?C>D?>?@?E<?C)5<53?==E>931D9?>C)538>?<?7931<5>DB5?6
1D1<?>91))(@19>"1B3?9'5>J?%1B9C(13<1I*>9F5BC9DI
#'(B1>35<;9C
(D1FB949C+941F?(  B5535129?B1J9?C9*>9F5BC9DI?6<AE9<1D1<I!E9C<?>C?
*>9F5BC9414%?<9D53>931451D1<E>I11B35<?>1))5<53?==E>931D9?>C1>45B?C@1D91<
>79>55B9>7(38??<?61CD5<<4565<C(@19>8B9CD?C+5B9;?E;9C)5<53?==E>931D9?>C
)538>?<?7931<5>DB5?61D1<?>91(@19>  
A'HG;
54F87(EBGB6B?J<G;+GEBA:-F8E(E<I46L(E8F8EI4G<BA9BE+@4EG<GL%B5<?88
84?G;
CCF
+93D?B(E31C1C>CD9DED?45)5<53?=E>9313?5C%?BDE71<5?B79?C"1>D1C>CD9DED?45
)5<53?=E>931R\5C%Y<?45F59B?%?BDE71<I=1>'14G1>>CD9DED?45
)5<53?=E>931R\5C%?BDE71<?>1D81>'?4B97E5J>CD9DED?45)5<53?=E>931R\5C%?BDE71<  
?BB7(E8FFHE8FG<@4G<BA9EB@(;BGBC?8G;LF@B:E4@HF<A:$4G8AG(4E4@8G8EF
(8B5I1C91DD1)(>>?F1D9?>!12C>491'?81>1>5B:55)1D1?>CE<D1>3I(5BF935C
>491>9B21>EDD18?E48EBI)1D1?>CE<D1>3I(5BF935C>491>9BE4481(9>81)1D1
?>CE<D1>3I(5BF935C>491B@1>%1<)1D1?>CE<D1>3I(5BF935C>491 
/<$/<78A<A:.<8JA:?89BE$8F<BA8G86G<BAJ<G;4FGEBF6BC<6!@4:8F
(??.5?>(?8> ?B51*>9F5BC9DI ?B51?>7 IE'?I!55 ?B51*>9F5BC9DI ?B51(E;
IE!55!<53DB?>93C>3  ?B51G1>7>1= 9= ?B51*>9F5BC9DI ?B51.E>(E8;
(E8(5?E<#1D9?>1<*>9F5BC9DI?C@9D1< ?B51(5?>7? ?>7(5?E<#1D9?>1<*>9F5BC9DI
?C@9D1< ?B51IE;??>!55(5?E<#1D9?>1<*>9F5BC9DI?C@9D1< ?B511> G1>7.1>7
(5?E<#1D9?>1<*>9F5BC9DI?C@9D1< ?B51 

 $$
$$6+1)3-;>69215/

!91=)+@)5,$-+<91;@

9986G<I8+B6<4?&8GJBE>)H4E4AG<A8J<G;%<A<@4?!FB?4G<BABFGF
E1>I1>7/85>7)5=@<5*>9F5BC9DI*(95,E)5=@<5*>9F5BC9DI*( 
(E<I46L
4J4E8+B6<4?%HF<6(?4L?<FG8A8E4G<BA
5<9H595B<5)5<5;?=>>?F1D9?>!12?B1D?B95C
)538>9C385*>9F5BC9DOD5B<9>5B=1>I 19
BE>5BD)5<5;?=>>?F1D9?>!12?B1D?B95C
)538>9C385*>9F5BC9DOD5B<9>5B=1>I
(521CD91>[>4[B)5<5;?=>>?F1D9?>!12?B1D?B95C
)538>9C385*>9F5BC9DOD5B<9>
5B=1>IH5< ^@@5B)5<5;?=>>?F1D9?>!12?B1D?B95C
)538>9C385*>9F5BC9DOD5B<9>
5B=1>I 
+L5<?KCBF8EA9986G<I8+6;8@8GB8G86G+L5<?B@@HA<G<8F<A'A?<A8+B6<4?&8GJBE>F
(1DI1:1I1>D"9CB1#5G"5H93?(D1D5*>9F5BC9DI*(2E(1<58"4)1I55>#5G"5H93?
(D1D5*>9F5BC9DI*(,5>-E#5G"5H93?(D1D5*>9F5BC9DI*( 
?:BE<G;@GB,E478'9958GJ88A-G<?<GL4A7(E<I46LBFGB9'A?<A8+B6<4?+84E6;
.1>!9)85*>9F5BC9DI?6?>7 ?>7?>7 ?>7/89I9!E)85*>9F5BC9DI?6?>7 ?>7
?>7 ?>7+93D?B$  !9*>9F5BC9DI?6?>7 ?>7% ' 89>1 
8G86G<A:+C4@B@@8AGF(BFG87<A%<6EB
?B:F-F<A:G;8+8?9
KG8AF<5?8+C4@<6G<BA4EL
85>G59!9E(85>J85>B14E1D5(38??<?6%5;9>7*>9F5BC9DI% ' 89>191G59,1>7
%5;9>7*>9F5BC9DI% ' 89>1 19!59%5;9>7*>9F5BC9DI% ' 89>1 

 $!
$1/5)3!96+-::15/.69644<51+);165:$@476:1<4

667-9);1=-)5,-;-96/-5-6<:-;>692:

$BJ
B@C?8K<GL*8?4L(E86B78E8F<:AF9BE,JB
/4L%!%'*8?4L+LFG8@F
89>!91>7,1>7#1D9?>1<)C9>7E1*>9F5BC9DI)19G1>IE>.E85>#1D9?>1<)C9>7E1
*>9F5BC9DI)19G1>.9CE1>%5>7#1D9?>1<)C9>7E1*>9F5BC9DI)19G1> 
$B47
4?4A6<A:+8@<
%4G6;<A:CCEB46;9BE*8FBHE68??B64G<BA<AB:A<G<I8*47<B&8GJBE>F
5?B79?C)C9B?@?E<?C#1D9?>1<)538>931<*>9F5BC9DI?6D85>CB5535"9>7/5>759:9>7
*>9F5BC9DI?6%?CDC1>4)5<53?==E>931D9?>C% ' 89>1$3D1F91 ?2B5"5=?B91<
*>9F5BC9DI1>141"?81=54?CC1=8=54"5=?B91<*>9F5BC9DI1>141 
74CG<I8.4E<45?8
$8A:G;887546>HF<A:/<E8?8FF(BJ8E,E4AF98E9BE'CCBEGHA<FG<6
84@9BE@<A:
?>CD1>D9>?C%C?=1C*>9F5BC9DI?6I@BECI@BEC?1>>9C B9;949C*>9F5BC9DI?6I@BEC
I@BEC 
!AG8E98E8A68
J4E8%B78+8?86G<BA<A L5E<7%!%'8??H?4E&8GJBE>F
C9>E98?E3145=91(9>931)19G1>'?>1<4. 81>73145=91(9>931)19G1> 
B@@HA<64G<BA,;8BE8G<6!A98E8A68BA 8G8EB:8A8BHF4G4
G1>785>785>#1D9?>1<)19G1>*>9F5BC9DI)19G1>1DEB1<@"1>;cB#1D9?>1<)19G1>
*>9F5BC9DI)19G1>(81?!E>E1>7"1CC138EC5DDC>CD9DED5?6)538>?<?7I*(!9J8?>7
/85>7"1CC138EC5DDC>CD9DED5?6)538>?<?7I*( +9>35>D%??B%B9>35D?>*>9F5BC9DI
*( 

 ($
(19-3-::644<51+);165:$@476:1<4

:;14);165)5,-;-+;165

%H?G<8G86GBEHF<BAB9LA4@<6,'FG<@4G<BAHF<A:#4?@4A<?G8E
+9:1I1.1:>1>1B1I1>1 )'?I1<>CD9DED5?6)538>?<?7I(G545>(1DI1=G9F549 )
'?I1<>CD9DED5?6)538>?<?7I(G545>%5D5BO>45<'?I1<>CD9DED5?6)538>?<?7I
(G545>  
<GEEBE(EB545<?<GL9BE(<?BG
+L@5B?<787;4AA8?FG<@4G<BA<A%
')%
'?>1<4#9CC5<)*,95>ECDB91"1B;EC'E@@)*,95>ECDB91  
$BJ
6B@C?8K<GL<E86G<BAFG<@4G<BA,86;A<DH8F9BE4FG84@9BE@<A:,E4<A<A:<A%<??<@8G8E
/4I8%H?G<4AG8AA4+LFG8@F
81>4B1C85;81B)85:1CG9%1D17E@@5(EBI1>1B1I1>81D(1=CE>7'>CD9DED5>491
1>71<?B5>491 9B1>I>1=(1=CE>7>4919>5C8%#19B(1=CE>7>491(?6DG1B5
$@5B1D9?>C(1=CE>74F1>354>CD9DED5?6)538>?<?7I>491!12>491(E:9D?C
(1=CE>74F1>354>CD9DED5?6)538>?<?7I>491!12C(1=CE>7'>CD9DED51>71<?B5
>491C8ED?C855@1;?B5(1=CE>74F1>354>CD9DED5?6)538>?<?7I>491  
8F<:AB9%H?G<HF8E8G86G<BA4A786B7<A:9BE+H564EE<8E BCC<A:%H?G<C?8668FF54F87BA
B787'%
.ED1?B9.?;?81=1#1D9?>1<*>9F5BC9DI1@1>945;9$38919.?;?81=1#1D9?>1<
*>9F5BC9DI1@1>  
*87H687B@C?8K<GL%%+84@9BE@<A:9BE,JB
J4L*8?4L<A:+LFG8@FJ<G;%H?G<C?8
AG8AA4F
81>793;(?>7 ?B51#1D9?>1<*>9F5BC9DI?6)B1>C@?BD1D9?> ?B5115G??;%1B; ?B51
*>9F5BC9DI ?B51??>!55 ?B51*>9F5BC9DI ?B51>;IE!55 ?B51*>9F5BC9DI ?B51 

5;-9.-9-5+-)5)/-4-5;

!A78K@B7H?4G87'%J<G;!AG8E64EE<8E!AG8E98E8A684A68??4G<BA
.E;5!9>CD9DED5?6ED?=1D9?>89>5C53145=I?6(395>35C% ' 89>1"5>7/81>7
%5;9>7*>9F5BC9DI% ' 89>1-91>785>7%5;9>7*>9F5BC9DI% ' 89>1"91?G5>,5>
(?ED889>1*>9F5BC9DI?6)538>?<?7I% ' 89>1!9EA9>7.1>7?<?B14?(D1D5*>9F5BC9DI
*( 
BBC8E4G<I8'A?<A8$84EA<A:+6;8@89BE*8FBHE68??B64G<BA<A+LFG8@F
C=19<<&5B= *()(1E49B12911C5=(898141 *()(1E49B1291 
&
&8JCCEB46;B9&8GJBE>(8E9BE@4A68A4?LF<F
"9>79>71D1 ECDB1<911F94!Y@5J%SB5J5<<!12C<31D5<!E35>DB5<1>4
E?A91>7"1?)85*>9F5BC9DI?6)538>?<?7I(I4>5IECDB1<91/98E19!9>*>9F5BC9DI?6
(I4>5IECDB1<91 
%BABGBA<6'CG<@<M4G<BA9BE(BJ8EBAGEB?B9-A78E?4LJ<G;(4EG<4?+!
E1>)1>7*>9F5BC9DI?61<96?B>911F9C*(/899>7*1F9C*( 
-F8E(4<E<A:?:BE<G;@J<G;+!<A&BA
'EG;B:BA4?%H?G<C?8668FF+LFG8@
1>/81>71B29>>CD9DED5?6)538>?<?7I% ' 89>15;E>/81>71B29>>CD9DED5?6
)538>?<?7I1B29>>CD9DED5?6)538>?<?7I% ' 89>1,59H91?"5>71B29>>CD9DED5?6
)538>?<?7I% ' 89>185>7!9"5=?B91<*>9F5BC9DI?6#5G6?E>4<1>41>141 
!0@:1+)3)@-9$-+<91;@

+86E86L%H?G<HF8E<I8EF<GL9BE<FGE<5HG87AG8AA4+LFG8@F9EB@G;8(8EFC86G<I8B9-F8E

+64?<A:$4J
>;IE1>7 ?B514F1>354>CD9DED5?6(395>351>4)538>?<?7I ?B51(E"9> 9= ?B51
%?<ID538>93*>9F5BC9DI ?B511> 5E>(E>7 ?B514F1>354>CD9DED5?6(395>351>4
)538>?<?7I ?B51 
+86E8G#8LK6;4A:8HA78E(;LF<64?$4L8E+86HE<GLHF<A:%!%'(E<I4G8*4A7B@(E86B7<A:<A
FLFG8@F
1C1>)181*>9F5BC9DI?6"1>385CD5B*>9D54 9>74?==14<CEC1"1>385CD5B
*>9F5BC9DI*>9D54 9>74?= 
*84@9BE@<A:9BE+86E86L%<??<@8G8E/4I8%!+'
'%+LFG8@F
.1891' '1=141>*>9F5BC9DI?6)5H1C1D1<<1C*(8=54( 2B189=<?B941
>D5B>1D9?>1<*>9F5BC9DI*("?81=54 819BI<53 1>4?== 5@D 13E<DI?6>7 
19B?*>9F7I@D 
A8E:L
4F87A6;BE&B78+8?86G<BA9BE!B,(;LF<64?$4L8EHG;8AG<64G<BA
91><E311@1BB1*>9F5BC9DI?6%14?F1D1<I"1B3?5>D5>1B?*>9F5BC9DI?6%14?F1D1<I
#93?<1!1EB5>D9*>9F5BC9DI?6%14?F1#)D1<I(D561>?)?=1C9>*>9F5BC9DI?6%14?F1
D1<I!?B5>J?+1>75<9CD1*>9F5BC9DI?6%14?F1D1<I 
&BI8?&BA?<A84E+86HE8,E4AF@<FF<BA8F<:A9BE%-
%!+'+LFG8@FJ<G;$<@<G87887546>
!91>7(E>5981>7*>9F5BC9DI% ' 89>1'E9,1>7)85(?ED8*>9F5BC9DI?6(395>351>4
)538>?<?7I?689>1% ' 89>1+93D?B " !5E>7*>9F5BC9DI?6B9D9C8?<E=2911>141 

#-+-5;,=)5+-:15 )5, 5;-9)+;1=-

8A8E4?<M87+C4G<4?%B7H?4G<BAJ<G;,E4AF@<GAG8AA4EBHC<A:9BEBEE8?4G87;4AA8?F
%59J8?>7E%5;9>7*>9F5BC9DI% ' 89>1"5>7/81>7%5;9>7*>9F5BC9DI% ' 89>1
-91>785>7%5;9>7*>9F5BC9DI% ' 89>185>7H91>7,1>75B9?D,1DD*>9F5BC9DI
*>9D54 9>74?=!9EA9>7.1>7?<?B14?(D1D5*>9F5BC9DI*( 
A4?B:DH4?<M4G<BA4A7$BJ*8FB?HG<BA)H4AG<M4G<BA<A+GEBA:$<A8
B9
+<:;G%!%'
B@@HA<64G<BA
-91?81>7(?>7)*B5C45>5B=1>I)9=O<C97*>9F5BC9DOD45BE>45CG58B"^>385>
5B=1>I,?<671>7'1F5B5C45>*>9F5BC9DI?6)538>?<?7I5B=1>I5BD8?<4!1>;<
*>9F5BC9DI?6545B1<B=54?B35C"E>9385B=1>I5B81B45DDG59C)538>9C385
*>9F5BC9DODB5C45>5B=1>I  
)B+
BAFGE4<A87,E4AF68<I8E8F<:A4A7(BJ8E+C?<GG<A:9BEBJA?<A>%H?G<HF8E%!%'+/!(,
+LFG8@F
>=9>7?>7(81>4?>7*>9F5BC9DI% ' 89>119H91/81>7(81>4?>7*>9F5BC9DI% '
89>11<59,E)85*>9F5BC9DI?6)5>>5CC551D81DD1>??71*(?>765>7.E1>
(81>4?>7*>9F5BC9DI% ' 89>1  
'HG
B9
4A7*47<4G<BA%84FHE89BE%!%'EE4LFJ<G;84@9BE@87,E4AF@<FF<BA
8B9CD?@85B"?<<S>!9>;[@9>7C*>9F5BC9D5D(G545>*<6ECD1FCC?>B93CC?>(G545>
)8?=1CB9;CC?>81<=5BC*>9F5BC9DI?6)538>?<?7I(G545>B9; !1BCC?>!9>;[@9>7
*>9F5BC9DI(G545>  
A7
GB
A7'HG4:8(EB545<?<GLA4?LF<F9BE%H?G<
+BHE68%H?G<
*8?4L+LFG8@F
97E1>75*>9F5BC9DI?6$E<E9><1>4A21<ECC19>(G545>(G545>"1B;;EE>DD9
*>9F5BC9DI?6$E<E9><1>4)14"1DCE=?D?1@1>4F1>354>CD9DED5?6(395>351>4
)538>?<?7I1@1>  
(;4F8&B<F8+64?<A:4A7,E46><A:<A'%%H?G<
HF8E84@9BE@<A:EE4LF
>D?>9?%E7<95<<95B;5<5I,9B5<5CC'5C51B385>D5B*(B57!119<<5*5B;5<5I
*(<9#9;>5:14*5B;5<5I*(B57?BI,B978D<31D5<!E35>D5<<!12C*(
?B9F?:5#9;?<9g*5B;5<5I*(<14<?>*5B;5<5I*( 
"B<AG,E4AF@<G4A7*868<I884@9BE@<A:9BE%H?G<
*8?4L%!%'
'%8??H?4E&8GJBE>F
5>D)CJ 1>85E>7*>9F5BC9DI?6(?ED81=@D?>"?29<5+9BDE1<5>DB5?6H35<<5>35
*>9D54 9>74?=(81?C89.1>7*>9F5BC9DI?6(?ED81=@D?>*>9D54 9>74?=!1:?C1>J?
*>9F5BC9DI?6(?ED81=@D?>*>9D54 9>74?= 
?B54?'CG<@<M4G<BAB9(E86B78E9BE%H?G<
AG8AA4+86HE8B:A<G<I8*47<BFJ<G;<A<G8
?C;458G
!ACHGF4A7+G4G<FG<64?+!
,59<91>7/5>7&E1<3?=='5C51B38*(.18?>7'?C1/85>7"9CC?EB9*>9F5BC9DI?6
(395>351>4)538>?<?7I*(85>7C81>-91?"9CC?EB9*>9F5BC9DI?6(395>351>4
)538>?<?7I*( 

You might also like